The U.S. nuclear groundswell

This episode explores the potential of new nuclear energy in the U.S., focusing on the factors driving its resurgence and the challenges that remain. Against the backdrop of a "groundswell" of interest fueled by political support, load growth, and corporate off-taker demand, the discussion highlights the differences between the current nuclear renaissance and the failed one of 2007, emphasizing the critical role of hyperscalers like Google in providing financial backing and long-term power purchase agreements. More significantly, the conversation pivots to the supplier landscape, where multiple technology developers are nearing commercial readiness, and Elementl Power's strategy to remain technology-agnostic until a clear winner emerges. As the discussion progresses, the regulatory environment and the need for NRC reform to streamline permitting processes are addressed, alongside the cautious approach of utilities who seek to de-risk projects by partnering with developers. For instance, Elementl's approach involves securing customer commitments upfront, identifying suitable sites with existing transmission infrastructure, and working collaboratively with utilities to integrate new nuclear into the grid. The episode concludes with a discussion on cost reduction strategies, emphasizing the importance of repeatability and multiple projects to drive down expenses, reflecting emerging industry patterns of collaboration and risk-sharing to realize the potential of new nuclear energy in the U.S.