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Scott Nolan

👤 Person
1357 total appearances

Appearances Over Time

Podcast Appearances

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

So existing reactors need fuel.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

Advanced reactors need fuel.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

I think a lot of people forget about this.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

You think, OK, I build a nuclear reactor.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

And nuclear physics is really complicated.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

But maybe it's almost like a perpetual motion machine.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

But it's not.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

It consumes fuel.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

You reload the fuel every year to five to 10 years, depending on the reactor design.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

And you need the fuel production, too.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

And that's what we're working on.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

If it soaked up all that energy, then you just don't have enough to go around.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

So I think at a minimum, you see electricity rates go up for homeowners, for businesses.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

If that happens, in California, there's occasional brownouts.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

I think you see that more if there's not enough to go around.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

So you're getting brownouts.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

You're getting more expensive electricity.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

You're probably losing manufacturing to overseas where there is available electricity.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

or you're not getting AI.

The Shawn Ryan Show
#211 Scott Nolan - CEO of General Matter on Uranium Enrichment

So you're just going to halt that progress.