Howard Lutnick

It's cheap.

It's massively abundant.

It burns clean.

The machinery lasts longer than machinery burning oil or coal or something else.

But it's a let businesses.

Doug and I are not here to tell anyone what to build and what not to build.

We're here to get roadblocks out of the way so capitalism and consumers and investors can decide where capital flows.

Well, I mean, that's the good news.

Nuclear is the single biggest issue I work on.

We will have three next-generation Gen 4 reactors critical in Idaho National Lab next summer.

We're supplying HALU, the fuel for these next-generation reactors, to the, we've already committed to five, and we'll give it to a dozen of these next-generation reactor companies.

We worked in the one big beautiful bill to keep in the nudge the tax credits for nuclear because the government smothered the industry and killed it for three decades.

Even a free market guy like me thinks we need to get a little help to get it started.

Probably 10 years.

10 years.

10 years.

Because it's just a learning curve.

The small modular reactors, you've got to build up the supply chain.

You've got to build up and build them in volume.

The cost can come down dramatically.