"There was no company to invest in. It would have to be started."

Scott Nolan spent all of 2023 looking for a company solving America's nuclear fuel crisis. When he couldn't find one, he started General Matter instead. The US once supplied 86% of the world's enriched uranium. Today it has zero. Russia controls half the market, with China accelerating fast.

General Matter just closed a $900M DOE contract and a $2.4B EXIM financing deal to supply Japan, announced the same week the Strait of Hormuz closed.

In this episode, Scott makes the case that nuclear fuel is the linchpin of the entire energy transition, and that getting it wrong is a national security issue not just for America but for every allied nation.

He shares:

How America handed the uranium market to Russia without anyone noticing
The SpaceX playbook applied to nuclear enrichment
What the $2.4B US-Japan deal means for energy security
Why Japan keeps falling into the same energy trap
What the next five years at General Matter actually look like
Will the west be able to regain its control?

Connect with Scott Nolan:

Connect James Riney:

https://x.com/james_riney
https://x.com/coral_capital

If you're working on something ambitious or Building with Japan, we'd love to hear from you!

Get in touch with us here: https://coralcap.co/?lang=en

Nuclear Fuel and the US-Japan Energy Alliance | General Matter CEO Scott Nolan

Build with Japan

Nuclear Fuel and the US-Japan Energy Alliance | General Matter CEO Scott Nolan