Is this nuclear power’s moment?
Behind the Money
Topher Forhecz
4.4 • 350 Ratings
🗓️ 31 January 2024
⏱️ 17 minutes
🧾️ Download transcript
Summary
The nuclear power industry is receiving a lot of attention recently thanks in part to new technological advancements. That’s excited venture capital groups and private investors, such as Bill Gates and OpenAI’s Sam Altman. But the industry is also known for its boom-and-bust cycles. The FT’s US energy editor Jamie Smyth explains there are many challenges that lie ahead for an industry, which has long been plagued by controversy.
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For further reading:
The US plan to break Russia’s grip on nuclear fuel
US nuclear start-ups battle funding challenge in race to curb emissions
Nuclear fission start-up backed by Sam Altman to go public
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On X, follow Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Am I missing anything? Is this the right decision? |
| 0:02.0 | Can I show this data? |
| 0:04.0 | Am I too late? |
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| 0:21.1 | facts, not opinions. |
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| 0:29.8 | In March 2011, the largest earthquake ever recorded in Japan shocked the country's |
| 0:38.9 | northeastern region. Massive tsunami waves followed. |
| 0:43.0 | Those waves flooded the reactors at the Fukushima Daiichi nuclear power plant |
| 0:48.0 | and led to a leak of radioactive materials. |
| 0:51.0 | It was the world's worst nuclear disaster in a quarter of a |
| 0:55.0 | century. And afterward, it's no surprise that demand for nuclear power collapsed. |
| 1:01.0 | After Fukushima, there was just this huge downward turn across the whole sector. |
| 1:06.2 | There wasn't enough demand, so it really dented the industry. |
| 1:09.9 | That's the F.T's US Energy Editor, Jamie Smith. |
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