Also in this playlist...
This transcript is automatically generated
School build smaller nuclear reactors it calls gained changer -- BMW says the 125 megawatt reactors will be much -- -- Then -- averaged 1000 megawatt nuclear reactors and will better meet customer -- The Nuclear Regulatory Commission still have to sign off on those designs.
Speaking of which for much more on this announcement Babcock and Wilcox played again.
But this isn't nuclear energy a -- haven't jolt Christopher Mallory is -- president and CEO of Babcock and Wilcox and joins me right now.
Good morning Christopher thanks to being you know.
Good morning Alexis our UI control -- thick it's interesting I was having -- The conversation former governor at Christie Todd Whitman about the the whole role of nuclear in the economy but when people think nuclear.
They think huge complex is dangerous power plant thousands of buttons -- emergencies signals.
What specifically do these current containers.
Look like and how are they different.
That -- we associate with nuclear power plants.
While the basic container is something that you can put on frankly are put on a rail car so it's something about fifteen feet wide.
And 75 feet long and all of the nuclear components are inside that container.
What's different about this is that we plan to manufacture.
This nuclear reactor.
In our existing factories across America you know BMW is the only remaining.
Nuclear reactor manufactured in United States and we think we can use this unique capability.
To help solve some of our energy problems okay so looked thoughtful -- says the -- questions for you.
Do knees and power reactors deal with these containers do.
These alternately these containers just makes team this team is used to turn a turbine and generate electricity.
And the concept here is -- by making dumb.
Small and scalable you really create the opportunity.
To have a flexible -- size power plant -- power plant.
That's really optimize for local conditions you know there's many places in the US but frankly really can't take.
Large 1000 megawatt power plant and by being able to flex the size of the plant.
You can address constraints such as.
The size of the transmission grid locally or the local power demands so is the type of of I I guess have contain -- or device.
That would be used in areas where there is not a well established electricity grid.
That's absolutely one of the applications you know.
We like to think of this as as really kind of creating the nuclear power option for for the common man.
The large reactors there -- so expensive.
A large power plant can cost up to ten billion dollars today.
That's larger than the market capitalization.
Of all but the very largest utilities and if we want to be able to deploy this clean.
No carbon emission power source and help address some of the climate change challenges we have we need to find a way to get this.
The smaller regional municipal and cooperative utilities that are really looking to diversify their existing power portfolio so I'd be filled.
-- below the ground or above ground and ultimately.
-- -- -- Great question.
You know we are trying to focus on minimizing the environmental impact of this new and power reactors so.
-- idea here is hey let's build a thing underground.
Baseline this thing to be -- air cooled solution which means we're not going to be heating up.
Our nation's lakes and rivers when we deploy this thing it's gonna store the used fuel.
Inside the concrete containment for the entire sixty years of the plant life so we're really trying to address.
The challenge is.
While very being very focused on not trying to introduce any.
-- proven technology again we're trying to create a practical solution.
Nuclear has demonstrated over the past thirty years.
-- you know it's interesting at -- -- to -- utilities over Morgan Stanley you haven't seen a nuclear power plant built in this country in decades.
And and and I wonder will the Nuclear Regulatory Commission sign onto this where does that stand.
While I think there's two challenges here quite frankly the first one.
Is the affordability challenge.
Potentially holding back this nuclear Renaissance and that's one thing.
There were trying to address our our fundamental reactor -- that you spoke of earlier is really only 10%.
Of a large plant so if you scaled down ten billion dollar investment then I think you get to -- a variable very affordable regime.
Relative to the Nuclear Regulatory Commission you know quite frankly.
What they do when their priorities are set by.
22 things the first is the industry we've had very early in broad interest -- in our react to the Tennessee Valley Authority.
Is taking a look at our reactor in -- -- to -- -- site in western Tennessee.
We've signed a memorandum of understanding with the consortium of local regional and municipal cooperatives which is really historic that.
Those smaller utilities are looking at our solution and then the other part of these equation is really what congress wants because they fund the NRC.
And we've gotten a very positive feedback from congress that says they recognize.
Being more scalable being more affordable being more practical it's a good way to get this thing deployed out into the marketplace all right well I wish you continued success for no one of the things the president talked about on the campaign trail as safe storage of nuclear energy.
Sounds like you perhaps have found one -- -- married keep -- -- today and you progress.
Filter by section