Scott Nolan

And then the DOE would then hold onto that and sell it to the reactor companies as they needed it.

That's the start of that program in early 24.

So we applied to that and

you know, we submitted what we thought was a really strong application.

And in October of last year, the DOE selected us as one of the awardees in that program.

So that one was us and three state-backed entities, the French company, the European Consortium, and a company in the U.S.

called Centris that spun out of the DOE a few decades back.

And so it's, you know, us and those three government-backed entities

we're the only only startup in the mix and so we were in stealth for a long time and when that got announced I think a lot of people wondered who are we and so now we've started talking about what we're doing how much of this will you be able to produce

Depends on the year, but we're going to be producing by the end of the decade.

That's our commitment to the industry and to our government partners.

And we're going to try and go as fast as we can on that.

And the sooner we get started, the more we can produce because our production will naturally ramp.

But the goal here is in the 2030s, we want to make sure the US can actually produce what it needs to consume for all its reactor fleet today and for future reactors.

So the goal here is restore domestic independence on fuel production and do that in the 2030s.

So this means at least a couple large facilities that we'll have to construct over the next decade.

Do you know where you'll put those facilities?

Right now, we do have a few states that we're deciding between.

So these are all pro-energy states, pro-nuclear energy states who have taken actions to prove that they're really, really excited about nuclear energy and really want to do things.

And so that's currently our top ones that we're looking at that are for a big commercial greenfield facility.