Tim Stenovec

And in fact, even though there have been many nuclear startups who have sort of attempted this, there's never been a nuclear startup which has yet split the atom.

So I think the next 12 months are going to be extremely exciting.

In May of this year, the president signed an executive order ordering three American nuclear companies to turn on SMRs by July 4th of next year.

Our company was one of those companies selected.

So I think I can confidently say before July 4th, there will be at least one, we hope three SMRs running in the United States.

And we definitely think that Valor will have one of those.

How much do they cost?

How much will it cost?

What's the ultimate goal?

So the initial goal is to beat natural gas.

I think nuclear absolutely has to compete with natural gas on price, on timeline, and all of these things that developers care about.

So that's the initial goal.

And that gas plant's going somewhere between 1,000 and 2,000 bucks a kilowatt.

So we want to be at least with parity.

Now, we're also cleaner, right?

So it's not just that we're the same price.

It's that we're cleaner as well.

but the thing that's interesting about nuclear is that it's actually fairly new and there's a lot to go down the tech tree right there's a lot of technological innovation that can happen in the future so we expect that price to continue dropping you know i think i think about spacex when we talk about this where rockets used to cost 50 000 a kilogram into orbit and spacex pushed them down to 2 000. i think we're going to look at that level of drop there's going to be a massive massive drop in the price as valor gets really good at making these reactors and makes many of them

You announced earlier this year that you're suing the Nuclear Regulatory Commission, the NRC.

Why are you doing that?