Matthew Smith
speaker
466 appearances
1 recordings
1 series
first heard Jul 2026
last heard 21 Jul
Matthew Smith’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
34 of them are one gigawatt plus.
I think a third of those are modeled after the AP1000.
We know a lot more today about building large-scale nukes than we did when these mistakes were made.
So large-scale to us, where it can be commercialized on a known timeline and where the costs are probably better than where we don't even know if we can scale the businesses yet in terms of SMRs.
Large scale versus small probably wins in our mind.
The two companies most levered to that would be Cameco, which owns 49%, Brookfield 51%.
You'll probably find that the US government, I think, agrees with what I'm describing.
They seem to really be lining up and trying to facilitate commitments and early procurement, which will de-risk some of the supply chain, which will help put timelines on this.
And when the Westinghouse comes public and it's deeply undervalued within Cameco today.
So that's an interesting one.
BWXT, which is a super interesting company, they're the primary supplier of nuclear for the U.S.
Navy.
They significantly benefit from the coming nuclear cycle as well.
And lots of dollar content in the AP-1000s.
Well, sadly, the biggest losers of this would be the U.S.
consumer to the point where you take what I'm saying, and if we're even partially right, electricity prices rise, which you can see some of on the forward curves in these different markets.
As electricity prices rise, you start to think about the trade-off.
Are we going to export natural gas to foreign buyers?
Are we going to use it for AI compute?
Or are we going to try to keep consumer electricity price bills?
Showing 261–280 of 466 · page 14 of 24
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