If we just tried to implement and scale the technology we have today for large scale nuclear reactors, with no innovation on reactor designs or business models, could we do it? How hard (or expensive) could it really be?

In this episode, Packy and Julia dig into the nitty gritty of these issues and look at what it actually takes to build a plant in America (and around the globe). They point out some opportunities to improve key problem areas like financing and workforce deployment. And they talk with nuclear experts, government financing officials, investors, and entrepreneurs who are all trying to figure out: how do we fix the economics of building large scale nuclear reactors?

Some of the answers include innovations in financing and possible regulatory changes – and some get more creative, like floating shipyards and repurposing old coal plants. Tune in to go deep on the economics of nuclear power plants.

Thank you to this episode’s guests:, Bret Kugelmass, Mark Nelson, Josh Wolfe, James Krellenstein, Emmet Penney, Julie Kozeracki, and David Ulevitch.

SPONSORS: RIPPLING SPEND | WEIGHTS AND BIASES | GIVEWELL | ANROK

Imagine total control over your company's spending with Rippling Spend, the all-in-one platform for expense reports, corporate cards, and bill pay. Visit https://www.rippling.com/turpentine for a free demo and one month free trial.

Advanced training for building production-ready RAG applications. Learn from experts to overcome LLM challenges, evaluate systematically, and integrate advanced features. Includes free Cohere credits. Visit https://wandb.me/cr to start the RAG++ course today.

GiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. Visit https://www.givewell.org and Sslect PODCAST and enter Econ 102 at checkout to make sure they know you heard about them from us.

Anrok is the enterprise-grade solution that automates sales tax compliance worldwide. Visit https://www.anrok.com/turpentine to claim your free nexus study and take control of your SaaS tax strategy.

–

A huge thank you to our presenting sponsors for Season 1:

Range Fund Holdings: Visit https://www.rangeetfs.com or contact your financial advisor to learn more about the Range Nuclear Renaissance ETF and start investing in the future of energy.

Secureframe: Get 10% off your first year of Secureframe: https://secureframe.com/packy

Pilot.com: Get 20% off your accounting bill for the first 6 months, go to https://pilot.com/packy

Clean Air Task Force https://www.catf.us/

For the full list of resources referenced in this show: https://ageofmiraclesss.addpotion.com/

Subscribe to Not Boring to get weekly doses of tech and business strategy, straight to your inbox: https://www.notboring.co/

Timestamps:

(00:00) Why is building new nuclear in the U.S. so expensive?

(07:40) How nuclear fission and nuclear plants work

(16:50) Nuclear power plant economics

(29:05) So, how do we fix the economics of building nuclear power plants?

(41:45) What's actually holding industry executives back from ordering more projects?

(48:12) Serialized construction and developer models

(58:50) Why is nobody talking about regulation?

(1:08:30) Acceleration through federal and popular support

(1:16:32) Recap

This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.

Tenby Powell: Getting aid in and people out of Ukraine