US to Spend Billions on Nuclear to Fuel AI Boom

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00:00That's the story. That's the reporting. Lots of investment up front, and you've got to wait a long time to get more.

00:04Yeah, the thing to keep in mind about nuclear is that everything moves really slowly.

00:09You know, I mean, any of these power plants, they're major construction projects, so already that's a slow thing.

00:15And then it's nuclear. So you know that they are going to take their time because it has to be safe.

00:19So it's a very slow-moving industry. There's huge demand for it now.

00:25There's, as you know, there's amazing demand for electricity now.

00:29All these big tech companies, they want electricity yesterday.

00:31But what we're going to see in the near term is a lot more gas power.

00:36That's so interesting. And just briefly, Will, we hear talk about SMRs.

00:39We hear talk about new nuclear, but it's actually retrofitting, or it's old nuclear plants that are coming back online.

00:45Yeah, so there's a push to reopen some of the nuclear plants that closed earlier this century.

00:51You know, I was tracking them for years, and more than a dozen reactors closed in the decade through about 2022.

00:59And we're seeing several of them getting restarted.

01:02They were way too expensive to operate when people didn't really value it.

01:05But now they are willing to spend a lot of money, especially the tech companies,

01:10because they've got these big, deep pockets. They can spend money for it.

01:13We may see the first one of those come online January, February, early next year in Michigan, the Palisades plant.

01:19The Palisades plant is the addition of its huge treatment.

01:25We are contributing to something new about nuclear plants, how small this plant is from today.