nuclear industry

“The only reason that we don't have 10 times as much nuclear As we do today, both installed, but also being built, is simply because the way that we have decided to build them is terrible. Just overly complex construction, like, awful financial incentives, usua…”

“Well, there's virtually nothing actually being built globally anywhere for anything other than the traditional reactors. There's a lot of press announcements. Our company is building stuff, but we can get to that later. And then everything else is very theoret…”

“Most of them that are thought of as the SMRs in this generation are neither small, some of them are bigger than the original reactors, and they're not modular. Like, they are using traditional construction techniques that maybe have, like, a little bitty bit o…”

“What you saw from 1968 to 1978 was a tenfold increase in price for the exact same product delivered because that was a tenfold increase in the profit that the companies were allowed to make.”

“What I don't want is the sort of generalized hype around SMRs to translate into just yet another round of a large and historically Corrupt and incompetent industry getting another giant round of subsidies dumped on its head for ultimately nothing, which is wha…”

“To me, it's like, clearly, yes, they can take advantage of that in the sense that You can get a PPA at a price that is going to be hopefully sufficient to make the project economics work. Those things are big deals, right? Like that, I don't think that was tru…”

“There just can't be a Cambrian explosion of new reactors. The, Industrial logic of the nuclear industry just doesn't lend itself to that. I think best case scenario, it's bad for the industry if you end up with, you know, four or five competing reactor designs…”