Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Tim Stenovec

๐Ÿ‘ค Speaker
882 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

And it's a really exciting day for Valor.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

It's a great question.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

There are a lot of people tackling this very, very difficult problem of how do we make all of the energy needs that America has in the future?

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

You know, the thing that sets Valor apart is two things.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

One is that we're building very quickly.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

You know, when we started this company, we realized that there was a gap in the physical hardware.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

We wanted to actually build reactors and test them out very rapidly.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

I started this company about two years ago, and earlier this year we unveiled our fully complete thermal prototype of our reactor.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

That's just incredible speed.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

We haven't seen that kind of speed in nuclear in a long time.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

The other thing that sets us apart is that we want to build these to be manufacturable.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

We're sort of moving away from this era of nuclear that's driven by construction and more into mass manufacturing.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

We want to pump these things out like they're a car, like they're a bus.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

And that's what's going to drive the cost down and also add a lot to safety as well.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

Before you pump these things out, though, you've got to build one single example of one that actually works.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

And here in the United States,

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

There is still no example of a small modular reactor that is up and running, that is online.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

Taking your company out of the mix, just when do you think there will be an example of that in the US?

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

That's exactly right.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

We don't have any small modular reactors running in the US today.