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Odd Lots

What's Really Standing in the Way of a Nuclear Renaissance?

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.41.6K Ratings

🗓️ 23 October 2023

⏱️ 51 minutes

🧾️ Download transcript

Summary

The US is taking a fresh look at nuclear power. After a dearth of construction, and de-commissioning of working nuclear plants, people are talking, yet again, about it as a source of steady, affordable, carbon-free electricity. But of course, nuclear has its drawbacks, particularly on the financial side, as new plants have been plagued by cost over-runs, contributing to utility bankruptcies. So what would need to happen to get the economics working again? On this episode we speak with Mark Nelson, the founder of Radiant Energy Group, to discuss the state of the industry, the state of the technology, and what it would take to bring nuclear back into the mix.

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Transcript

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0:00.0

Together we have the opportunity to build a more sustainable and inclusive future.

0:06.0

At the Bloomberg New Economy Forum, we help make this possibility a reality

0:11.0

by cultivating new connections among global leaders that transcend geographies, industries

0:16.3

and ideologies.

0:18.4

Because when global leaders work together, the outcomes benefit all of us.

0:23.0

Learn more at Bloomberg New Economy.com. Hello and

0:45.0

we recently did that episode on the odd lots podcast I'm Joe Wiesendall and I'm Tracy allowit.

0:46.0

Tracy you know we recently did that episode down in Austin with a jigger

0:51.0

Shah of the Department of Energy and he said a bunch of interesting things about nuclear.

0:56.8

I mean we talked about a lot of stuff related to electrification, decarbonization,

1:00.7

but I think both of us found like the nuclear comments to be particularly interesting.

1:04.6

Well absolutely so there were a couple things to pull out there. On the one hand he sounded positive

1:10.6

in the sense that maybe nuclear is getting more traction than it has previously.

1:15.3

You have these new types of, was it smaller, modular reactors?

1:21.1

Which he described as neither small nor modular.

1:24.0

So I have questions about that.

1:26.0

And you know, and sort of groundswell potentially of support for

1:32.0

cleaner energy technology in which nuclear, you know, theoretically could fall.

1:37.0

But on the other hand, he also described these long-running structural roadblocks to nuclear at least in the US. So this idea that

1:46.7

there isn't really a nuclear industry. There are utilities that might own nuclear plants

1:52.4

but no one's really pushing for it and then also if you're a

1:56.8

utility CEO you're probably not going to be that incentivized to build a massive nuclear plant because historically it's been a

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