Jigar Shah on the Three Big Things Driving the Nuclear Energy Revival

Odd Lots

Bloomberg

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4.4 • 1.6K Ratings

🗓️ 30 September 2024

⏱️ 49 minutes

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Summary

Earlier this month, we got the surprising headline that the shuttered nuclear reactor at Three Mile Island will be restarted. Of course, Three Mile Island was the site of a famous disaster in 1979 — one of the incidents that contributed to the US pulling back on the construction of new nuclear plants. This particular reactor was shuttered in 2019, when the economics of it no longer made sense. So why the restart? And why is there generally more interest and excitement about nuclear than there has been in years? On this episode of the podcast, we speak with Jigar Shah, the head of the Loan Programs Office at the Department of Energy. We talk about the big drivers both in terms of policy and economic conditions that have created this renaissance.

Read More:
Microsoft AI Needs So Much Power It's Tapping Site of US Nuclear Meltdown
Microsoft to Pay Hefty Price for Three Mile Island Clean Power

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1:07.0	Podcasts, Radio News. Hello and welcome to Tracy Allaway.
1:25.0	Tracy Allaway.
1:28.0	Tracy, how about that reopening of a three-mile island nuclear facility.
1:33.0	You know what? I saw that headline kind of float by and it seemed like a big deal.
1:38.0	So I think Constellation signed a deal with Microsoft to reopen the Three Mile Island nuclear plant, which everyone remembers from the
1:48.3	disaster that happened there in the 1970s. What I did see was Constellation's share price just exploded higher, like up 30% in a day.
	...

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