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Podcast

What Does The Nuclear Company Do?

Rob gets into the nitty gritty of nuclear development with the company’s CEO, Jonathan Webb.

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A nuclear plant.
Heatmap Illustration/The Nuclear Company

In the past few years, something surprising has happened in American energy policy: States and utilities have started trying to build new nuclear plants.

A new kind of company — the nuclear developer — is now trying to handle those projects. The most prominent by far is The Nuclear Company, a startup that has hired many of the same people who built the new Vogtle plant in Georgia. On this episode of Shift Key, Rob is joined by Jonathan Webb, the CEO of the Nuclear Company. They discuss the company’s goal of building “fleet-scale” nuclear, why Jonathan believes nuclear is poised for a revival, and what has changed since the company began.

Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap News.

Subscribe to “Shift Key” and find this episode on Apple Podcasts, Spotify, Amazon, YouTube, or wherever you get your podcasts.

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Here is an excerpt from their conversation:

Robinson Meyer: Let’s talk about delivery then. So I think you guys are working with Brookfield in South Carolina on this old plant, V.C. Summer. The local utility spent billions of dollars about a decade ago to get a plant up and running in this site in South Carolina and didn’t get it done. In fact, there was — it, they, I think it went bankrupt trying to get it done. Ultimately, that site has kind of sat fallow as this extremely over-budget project in Georgia ultimately did reach completion. That was Vogtle. You’ve now gone back into V.C. Summer with, I think, Brookfield. How is that going, and what’s gonna be different about it this time?

Jonathan Webb: Well, I don’t take lightly the privilege yet obligation that the state of South Carolina and the people of South Carolina and, candidly, every stakeholder involved that have given us the right and opportunity to be there. We have about 40, 50 people on site at V.C. Summer right now, and every day we’re there, people ask me, “When does construction start?”

I mean, for me, I’m the type of person that construction starts the moment you put your feet on soil and you’re planning way in advance. So there’s a Gantt chart with a schedule and all these milestones and, you know, when officially FID to COD. But I can tell you our team has taken it very seriously, and — I mean, you had $9 billion spent. It’s been sitting there since 2018. It was hard enough to finish in the first place, and now we’re stepping back in midstream to go finish it. And we owe it to the state of South Carolina and the community there to get these units up and running.

It’s not that we’re a Westinghouse company or an AP1000 company. It’s that we just believe that if the country’s going to go deliver on this promise of gigawatts, micro, small, large, whatever it may be, we got something to finish. And it’s to prove to not only the U.S. and the industry, but around the world, that if we start something, we’re gonna get it done. And so, I think we’ve developed a unique approach that we’re bringing to this project, but it’s gonna be results-driven. We’re gonna have to deliver a budget and a schedule, and everyone in the world’s gonna see that.

You can find a full transcript of the episode here.

Mentioned:

Previously on Shift Key: The Lesson Nuclear Companies Should Take From the Dot-Com Boom

This episode of Shift Key is sponsored by ...

RE+ 26 is the largest clean energy event in North America, happening November 16th through 19th at the Las Vegas Convention Center. Register at re-plus.com and use code SHIFTKEY20 to save 20% off a Full Conference pass.

Music for Shift Key is by Adam Kromelow.

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