John Arnold

By the end of this decade, I think we'll have taken some small steps there.

But we're probably looking 10, 15 years to really have advanced nuclear be at any scale in the United States.

And that's best case.

It surprised me.

In some ways, I thought that some of these technologies were almost uninvestable from the VC side because it's such a long duration to get to free cash flow business.

I'm surprised at how much money.

I think it's fantastic.

This has to be a public-private partnership where the government is putting in real capital into these because I don't think they make sense as a standalone investment without public support.

The timeframe to commercial deployment, the amount of money that has to be raised for it, the fact that you don't really know early on

whether you're making progress or not.

There's a bunch of benchmarks to be overcome, but until you actually build one, you don't really know what your economics are gonna be, what your efficiency of the unit's gonna be.

I worry that there's gonna be a falling out in the industry.

There's probably too many

SMR companies, and it would be better if the industry can coalesce around three or four different technologies and focus the resources there.

Solar has two trends.

One is technology and manufacturing costs keep going down.

Technology is improving.

Manufacturing costs are going down.

So the end product of a solar panel... Mostly in China.

...keeps getting cheaper, mostly in China.