Small nuclear reactors are not the future of energy

Everyone Good morning from Chile, Colorado, it’s a balmy 10 degrees today,
I got some bad news. So for those of you who’ve been following me for a bit, you know that over the summer, I recorded a video of the five technologies that I was most hopeful one for, the issue we’re facing is that we’re entering into a period of extreme capital dearth and a shortage of people in the 20s and the 30s, while the 20s people in the 20s, and the 30s are the folks who get together, imagine the future and develop the technology, and a lot of cheap capital is required to bring it to mass manufacture. And without those two factors, the pace of technological change that we’ve been used to seeing these last 2025 years, is going to slow considerably. And that’s before you consider any sort of general dislocations because of demographic aging or drops of consumption, or breakdowns and globalization. So the pace is way too slow, incredibly, and the question is, which technologies are kind of already at the hump, whether we’re just right on the edge of mass manufacturing mass application, and one of the technologies that I identified was something called Small Modular nuclear reactors. The idea is you have a reactor that’s small enough to fit on the back of a semi trailer. And you can just plug it into any other power system. So if you’ve got a coal plant, for example, that you were looking to decommission, you can pull one of these in or two of these based on the size, you know, up to 10. And just plug them in, and they’re good to go. And the 20% of electricity that the United States gets from nuclear currently could continue in perpetuity.
Well, over the course of the last couple of weeks, the companies that were involved in building the prototype of abandoned the project, they see the numbers no longer makes sense, they could get no sponsors. So if this technology is going to continue, it’s going to continue at a later time with different players in an environment of even sharper limitations on technological development and capital availability, which means it’s probably not going to happen this decade at all, which means the 20% of the electrical grid that is supplied by nuclear right now is going to fade away because with a couple of exceptions, all of those reactors are older than I am, and I turned 50 Very, very soon. So not only do we need to massively increase the amount of power generation, we have to double the size of the industrial plants as a Chinese break apart, and we need even more power. In order to do the green transition and maybe move to a more electric future. We also have to replace 20% of our total energy supply, which is at the moment all baseload which is something that wind and solar can’t come up with, or can’t work with because they’re too intermittent. So we just saw our overall challenge for the next decade become inordinately more difficult unless of course, someone picks up this technology very, very soon