Doug Burgum
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And then when that cost was put onto a utility and then utility felt they had to put that back on the rate, on the rate payers, their consumer customers, there was in some ways a revolt that it wasn't safety related. It was like, oh, you want nuclear, but now my electricity is going to cost twice as much. I'm not for that.
So we have to be able to get that regulatory regime down and allow them to go faster. And of course, on the SMRs, once that design gets approved, we should be able to have essentially like a manufacturing where we regulate the design, the design is proven and proved out.
So we have to be able to get that regulatory regime down and allow them to go faster. And of course, on the SMRs, once that design gets approved, we should be able to have essentially like a manufacturing where we regulate the design, the design is proven and proved out.
As long as the manufacturing plant is producing that same design, then we don't have to do this stick built, show up, you know, you work for a week, the inspector shows up, oh, this is off by, you know, one millimeter, you got to redo it. I mean, some of that is where you end up with the doubling of costs.
As long as the manufacturing plant is producing that same design, then we don't have to do this stick built, show up, you know, you work for a week, the inspector shows up, oh, this is off by, you know, one millimeter, you got to redo it. I mean, some of that is where you end up with the doubling of costs.
I mean, you can't, I mean, some of the projects that have just been completed, you know, that took, you know, close to two decades on nuclear and then had doubled the cost and doubled the time. You know, that's not economically sustainable. So part of it is we've got to streamline the process. But these smaller amounts, they can be daisy-chained. They could be great solutions.
I mean, you can't, I mean, some of the projects that have just been completed, you know, that took, you know, close to two decades on nuclear and then had doubled the cost and doubled the time. You know, that's not economically sustainable. So part of it is we've got to streamline the process. But these smaller amounts, they can be daisy-chained. They could be great solutions.
And then the other piece, which you love about having the small market for nuclear is we can spend money on power generation as opposed to money on transmission. Because transmission...
And then the other piece, which you love about having the small market for nuclear is we can spend money on power generation as opposed to money on transmission. Because transmission...
It's also it's really hard to build a transmission line in this country because whether it's a linear infrastructure, which includes natural gas pipelines, CO2 pipelines, oil and gas pipelines or transmission lines, those have become the focal point for protests. Because if they have any nexus, an 1100 mile long pipeline could have one mile that touches federal ground.
It's also it's really hard to build a transmission line in this country because whether it's a linear infrastructure, which includes natural gas pipelines, CO2 pipelines, oil and gas pipelines or transmission lines, those have become the focal point for protests. Because if they have any nexus, an 1100 mile long pipeline could have one mile that touches federal ground.
That is where the protest is going to occur.
That is where the protest is going to occur.
I've got a great partner, Chris Wright, incredibly talented, arguably the most qualified secretary of energy we've ever had leading that effort because the Department of Energy has got most of the responsibility related to nuclear because they also are in charge of our nuclear stockpile. I mean, for the military, I mean, DOE has got direct defense responsibilities. And as part of that,
I've got a great partner, Chris Wright, incredibly talented, arguably the most qualified secretary of energy we've ever had leading that effort because the Department of Energy has got most of the responsibility related to nuclear because they also are in charge of our nuclear stockpile. I mean, for the military, I mean, DOE has got direct defense responsibilities. And as part of that,
Uh, they, we've also got the 15 national labs and there's been great work that's happening in Los Alamos and Scandia. I mean, uh, you know, you go around the whole country and we've got an incredibly talented group of people and the research dollars have been flowing, but we've got to get some of that commercialized and out to the public.
Uh, they, we've also got the 15 national labs and there's been great work that's happening in Los Alamos and Scandia. I mean, uh, you know, you go around the whole country and we've got an incredibly talented group of people and the research dollars have been flowing, but we've got to get some of that commercialized and out to the public.
So, but again, think of it literally as a Manhattan project. These were the, these were the places where we did the Manhattan project when you think of Los Alamos and others. So we've got to mobilize these government agencies to help us on the current the current crisis we're facing, which is this energy emergency.
So, but again, think of it literally as a Manhattan project. These were the, these were the places where we did the Manhattan project when you think of Los Alamos and others. So we've got to mobilize these government agencies to help us on the current the current crisis we're facing, which is this energy emergency.
Yes, you should.