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Summary
Juliann Edwards Appears on ‘Bloomberg Businessweek’ To Discuss Nuclear Energy
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Source
Bloomberg Radio

Name: Bloomberg Radio
URL: https://www.bloombergradio.com/
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Bloomberg Businessweek

Name: Bloomberg Businessweek
URL: https://www.bloomberg.com/businessweek
Persons
Juliann Edwards

Name: Juliann Edwards
Employment: The Nuclear Company
Position: Chief Development Officer
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–
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07/22/2024 03:34 pm
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0:09:21
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3
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Transcript
RUSH TRANSCRIPT A lot ░░░░░░░░ recent months but the ░░░░░░░░ in demand for electricity ░░░░░░░░ the coming years in ░░░░░░░░ Just last week the ░░░░░░░░ energy agency came out ░░░░░░░░ a report that said ░░░░░░░░ globally for electricity is ░░░░░░░░ at the fastest rate ░░░░░░░░ years It s due ░░░░░░░░ he waves make sense ░░░░░░░░ tech that runs on ░░░░░░░░ think ibiza and electric ░░░░░░░░ totally and then economic ░░░░░░░░ around the world because ░░░░░░░░ people are doing well ░░░░░░░░ buy things that plug ░░░░░░░░ and use electricity so ░░░░░░░░ for electricity globally is ░░░░░░░░ to grow by about ░░░░░░░░ percent in 20 twenty ░░░░░░░░ hour from the two ░░░░░░░░ five percent 20 three ░░░░░░░░ to the I yeah ░░░░░░░░ s a big bump ░░░░░░░░ year to year here ░░░░░░░░ United States we get ░░░░░░░░ sixty percent of our ░░░░░░░░ from fossil fuels 20 ░░░░░░░░ point five Hydro power ░░░░░░░░ solar in about 18 ░░░░░░░░ six percent from nuclear ░░░░░░░░ there s a start ░░░░░░░░ that there are 10 ░░░░░░░░ kind of wants to ░░░░░░░░ that they want to ░░░░░░░░ the U s go ░░░░░░░░ nuclear It s caldwell ░░░░░░░░ nuclear company made recently ░░░░░░░░ plans to build a ░░░░░░░░ of nuclear power plants ░░░░░░░░ the u s but ░░░░░░░░ you know from our ░░░░░░░░ that is easier Development ░░░░░░░░ for the nuclear company ░░░░░░░░ joins us from pittsburgh ░░░░░░░░ also chairs the u ░░░░░░░░ women and nuclear It ░░░░░░░░ a five thousand member ░░░░░░░░ that advances the role ░░░░░░░░ women in the industry ░░░░░░░░ good to have you ░░░░░░░░ us About nuclear energy ░░░░░░░░ our program are colleague ░░░░░░░░ ll wait actually was ░░░░░░░░ on talking with us ░░░░░░░░ about the huge party ░░░░░░░░ the nuclear industry through ░░░░░░░░ to celebrate The us ░░░░░░░░ first reactor in 30 ░░░░░░░░ the first one in ░░░░░░░░ years How are you ░░░░░░░░ to build a fleet ░░░░░░░░ nuclear reactors It costs ░░░░░░░░ lot to build buildup ░░░░░░░░ go over budget people ░░░░░░░░ don t want them ░░░░░░░░ the backyard and then ░░░░░░░░ s the waist How ░░░░░░░░ you gonna Do it ░░░░░░░░ much for having us ░░░░░░░░ m any of their ░░░░░░░░ is is honored as ░░░░░░░░ as representing the u ░░░░░░░░ when they get their ░░░░░░░░ And yes I did ░░░░░░░░ this streaming and the ░░░░░░░░ that way at Google ░░░░░░░░ just the amount of ░░░░░░░░ that we style friend ░░░░░░░░ of government and industry ░░░░░░░░ it was exciting to ░░░░░░░░ the rally and to ░░░░░░░░ our country pet to ░░░░░░░░ reactors online and it ░░░░░░░░ going to take a ░░░░░░░░ to answer your question ░░░░░░░░ it s can t ░░░░░░░░ be one single entity ░░░░░░░░ then you pair company ░░░░░░░░ s here to ensure ░░░░░░░░ we stop talking about ░░░░░░░░ and we go straight ░░░░░░░░ actually action and building ░░░░░░░░ their What would you ░░░░░░░░ the biggest obstacles at ░░░░░░░░ point julian Is it ░░░░░░░░ my backyard Utilities right ░░░░░░░░ these things aren t ░░░░░░░░ built overnight But what ░░░░░░░░ what are the biggest ░░░░░░░░ blocks It used to ░░░░░░░░ not in my backyard ░░░░░░░░ over a decade ago ░░░░░░░░ sure and it s ░░░░░░░░ because we re seeing ░░░░░░░░ a resurgence and understanding ░░░░░░░░ the benefits new pair ░░░░░░░░ bring not only and ░░░░░░░░ reliable energy that I ░░░░░░░░ gay and and day ░░░░░░░░ but also the fact ░░░░░░░░ it s no carbon ░░░░░░░░ the amount of economic ░░░░░░░░ because these communities and ░░░░░░░░ would say the hurdle ░░░░░░░░ now is it difficult ░░░░░░░░ one entity to take ░░░░░░░░ balance sheet Rest I ░░░░░░░░ onto their shareholders and ░░░░░░░░ their stakeholders and that ░░░░░░░░ it The nuclear companies ░░░░░░░░ on is building a ░░░░░░░░ at public and private ░░░░░░░░ benchers that that capital ░░░░░░░░ is spread across those ░░░░░░░░ of the long term ░░░░░░░░ of these facilities What ░░░░░░░░ you tell us about ░░░░░░░░ facilities What kind of ░░░░░░░░ for example Are you ░░░░░░░░ Are you planning to ░░░░░░░░ yeah so there s ░░░░░░░░ number that are currently ░░░░░░░░ by our regulator here ░░░░░░░░ this country the nuclear ░░░░░░░░ commission the nuclear company ░░░░░░░░ very very technology agnostic ░░░░░░░░ Focus on which ones ░░░░░░░░ actually currently licensed by ░░░░░░░░ in our see because ░░░░░░░░ will allow us to ░░░░░░░░ get clean neutrons online ░░░░░░░░ s fast as possible ░░░░░░░░ without be like a ░░░░░░░░ ap One thousand like ░░░░░░░░ just finished in Georgia ░░░░░░░░ are definitely on the ░░░░░░░░ and there s a ░░░░░░░░ of actually license technologies ░░░░░░░░ are currently approved by ░░░░░░░░ inner sea and more ░░░░░░░░ come out on that ░░░░░░░░ later this year I ░░░░░░░░ like a bring up ░░░░░░░░ without thinking about what ░░░░░░░░ you do with the ░░░░░░░░ waste As a result ░░░░░░░░ that have we really ░░░░░░░░ a good way of ░░░░░░░░ with it Lot about ░░░░░░░░ a previous company I ░░░░░░░░ out Nuclear waste is ░░░░░░░░ anything compared to the ░░░░░░░░ of our global crisis ░░░░░░░░ cleaning clean energy needed ░░░░░░░░ lower carbon emissions and ░░░░░░░░ I would say Nuclear ░░░░░░░░ probably be most responsible ░░░░░░░░ generation source on the ░░░░░░░░ because what they do ░░░░░░░░ terms of establishing a ░░░░░░░░ and financing for managing ░░░░░░░░ nuclear waste is unlike ░░░░░░░░ other generation source that ░░░░░░░░ ve seen is an ░░░░░░░░ of an asset retirement ░░░░░░░░ bond that set up ░░░░░░░░ when the plant begins ░░░░░░░░ and over the life ░░░░░░░░ the reactors That find ░░░░░░░░ begin to accumulate to ░░░░░░░░ that at the end ░░░░░░░░ life like you have ░░░░░░░░ financial backing to go ░░░░░░░░ shredded That facility is ░░░░░░░░ in the wastes properly ░░░░░░░░ on site A solution ░░░░░░░░ this country It s ░░░░░░░░ problem now right fair ░░░░░░░░ say I mean that ░░░░░░░░ I guess that s ░░░░░░░░ I wanted to go ░░░░░░░░ You know the waste ░░░░░░░░ s it stays with ░░░░░░░░ for a long time ░░░░░░░░ so you ve gotta ░░░░░░░░ out I m trying ░░░░░░░░ be smart hear about ░░░░░░░░ what are we do ░░░░░░░░ that in a safe ░░░░░░░░ A country What can ░░░░░░░░ do Technology in terms ░░░░░░░░ this is the other ░░░░░░░░ that have evaluated the ░░░░░░░░ of it and reusing ░░░░░░░░ repurchasing it much like ░░░░░░░░ have done actually I ░░░░░░░░ in a non nonproliferation ░░░░░░░░ at the mock facility ░░░░░░░░ in savannah But I ░░░░░░░░ say the problem is ░░░░░░░░ as big and large ░░░░░░░░ as folks perhaps need ░░░░░░░░ understand the details Of ░░░░░░░░ mean you could fit ░░░░░░░░ entire nuclear waste from ░░░░░░░░ twin operated nuclear facility ░░░░░░░░ yes that small in ░░░░░░░░ of sixty years of ░░░░░░░░ so it s not ░░░░░░░░ astronomical but Mr abbott ░░░░░░░░ in a case of ░░░░░░░░ size but just what ░░░░░░░░ could do if for ░░░░░░░░ reason they waste facility ░░░░░░░░ the storage there s ░░░░░░░░ problem it s not ░░░░░░░░ a case The amount ░░░░░░░░ It s just what ░░░░░░░░ could happen if something ░░░░░░░░ wrong wrong Designed and ░░░░░░░░ in regulated very very ░░░░░░░░ regulated are safe saint ░░░░░░░░ There have been no ░░░░░░░░ related to exposure of ░░░░░░░░ waste in this country ░░░░░░░░ that s that s ░░░░░░░░ testament to the abilities ░░░░░░░░ and concentrated effort on ░░░░░░░░ sure that those spent ░░░░░░░░ fuel canisters are securing ░░░░░░░░ race while they decay ░░░░░░░░ the next couple of ░░░░░░░░ Were you planning to ░░░░░░░░ these reactors right now ░░░░░░░░ least in the early ░░░░░░░░ of the company Sure ░░░░░░░░ nuclear companies evaluating a ░░░░░░░░ of sites again will ░░░░░░░░ disclosed later this year ░░░░░░░░ with the technology When ░░░░░░░░ look at what is ░░░░░░░░ fastest way that we ░░░░░░░░ put clean neutrons on ░░░░░░░░ I look to the ░░░░░░░░ What s that currently ░░░░░░░░ two factors one interconnect ░░░░░░░░ to be able to ░░░░░░░░ sites that have access ░░░░░░░░ a location that can ░░░░░░░░ power and large scale ░░░░░░░░ in to is making ░░░░░░░░ that we have sites ░░░░░░░░ are permitted that have ░░░░░░░░ that due diligence of ░░░░░░░░ on environmental assessments by ░░░░░░░░ nuclear regulatory commission by ░░░░░░░░ EPA yea and estate ░░░░░░░░ So There s a ░░░░░░░░ of those sites currently ░░░░░░░░ evaluated and more to ░░░░░░░░ on where those exact ░░░░░░░░ will be and what ░░░░░░░░ who will buy the ░░░░░░░░ who who s gonna ░░░░░░░░ That I mean you ░░░░░░░░ I are in the ░░░░░░░░ right now I m ░░░░░░░░ here and would not ░░░░░░░░ it but not from ░░░░░░░░ ud reactor that you ░░░░░░░░ Let any be opting ░░░░░░░░ nuclear power when distributed ░░░░░░░░ to residential commercial industrial ░░░░░░░░ so when I look ░░░░░░░░ the coalition there s ░░░░░░░░ to be a members ░░░░░░░░ are gonna be a ░░░░░░░░ of this community that ░░░░░░░░ building that will enable ░░░░░░░░ off take those agreements ░░░░░░░░ be solid and bankable ░░░░░░░░ so you re Looking ░░░░░░░░ large industrials and hyper ░░░░░░░░ setup Want to see ░░░░░░░░ nuclear in this country ░░░░░░░░ so we are bloomberg ░░░░░░░░ I always curious So ░░░░░░░░ are the plans to ░░░░░░░░ ito talk to us ░░░░░░░░ the coalition with a ░░░░░░░░ a minute left here ░░░░░░░░ s already kind of ░░░░░░░░ up to to do ░░░░░░░░ and move ahead Like ░░░░░░░░ The members that we ░░░░░░░░ cause summer probably traded ░░░░░░░░ art and I would ░░░░░░░░ that s very important ░░░░░░░░ remember that we have ░░░░░░░░ enormous bipartisan support so ░░░░░░░░ re gonna be working ░░░░░░░░ closely with the U ░░░░░░░░ government they ve enacted ░░░░░░░░ amount of legislation a ░░░░░░░░ the advance act as ░░░░░░░░ couple of weeks ago ░░░░░░░░ we re gonna mix ░░░░░░░░ that we leverage that ░░░░░░░░ and build the largest ░░░░░░░░ private private partnership With ░░░░░░░░ country s ever seen ░░░░░░░░ talk money because the ░░░░░░░░ things are so expensive ░░░░░░░░ build How much of ░░░░░░░░ we ll have 30 ░░░░░░░░ left But I can ░░░░░░░░ you the investors that ░░░░░░░░ us like and c ░░░░░░░░ true ventures and others ░░░░░░░░ access to billions of ░░░░░░░░ of capital and they ░░░░░░░░ fully behind us and ░░░░░░░░ and making sure that ░░░░░░░░ have enough capital to ░░░░░░░░ the due diligence pass ░░░░░░░░ financial abuse that will ░░░░░░░░ required to build bigger ░░░░░░░░ and fleet scale Reactors ░░░░░░░░ As a matter who ░░░░░░░░ in the White House ░░░░░░░░ terms of your mission ░░░░░░░░ November and just very ░░░░░░░░ Please.
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