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Tim Stenovec

๐Ÿ‘ค Speaker
882 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

Yeah, you know, I think the thing that is really important in nuclear today is allowing innovation to happen, right?

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

If you think about the role of a regulator, they're trying to figure out how to make sure that we have safety and security across thousands of reactors deployed all over the place.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

But what was missing in American nuclear was the innovation layer.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

we need to be able to turn on test units and make sure that they work well.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

And that's sort of the layer that's missing.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

So our lawsuit really addresses a gap in how the Code of Federal Regulations has been written versus how the law is written.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

And so, you know, we're excited about that.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

We're also very excited about the Department of Energy.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

These executive orders signed earlier this year have also opened up incredible pathways to be able to move quickly, turn our reactors on, safely test them before we go and scale.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

You know, Palmer, we're showing an image there of different investors in the company, Palmer Luckey of Anduril.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

Among those investors, certainly thinking about the defense space and his involvement there, what are the applications of your technology when it comes to defense for the United States?

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

You know, American military bases all around the world are generally dependent on their local grid for power.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

This has become a massive vulnerability as grids have become vulnerable to cyber attack by our competitors.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

And so this is a way for us to actually secure American military bases abroad.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

We want to see these reactors deployed on bases.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

A couple of months ago, the Janus program was announced under the U.S.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

Army to do exactly this, to actually put power on military bases that's fully within American control.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

We think these reactors are perfect for that.

Bloomberg Tech
Tech Stocks Rally on Hope US Shutdown Nears End

This is a nice small form factor that's very easy to construct and is powerful enough to power a base if you put a couple of them together.