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What podcasters are saying about Nuclear energy
Summary
In the past 30 days, 9 speakers on 7 finance podcasts discussed Nuclear energy in 21 views. Chorus has followed Nuclear energy since October 8, 2026.
Who talks about it most
- Yasir Arafat · 7
- Erik Townsend · 6
- Patrick Ceresna · 2
- Brien Lundin · 1
- Tyler Rosenlicht · 1
- Chris Wright · 1
- Tobias Carlisle · 1
- Jesper Koll · 1
- Maria Vassalou · 1
The latest views
Newest first. Every quote is checked against the episode's transcript.
Patrick Ceresna · Big Picture Trading
Uranium equities are oversold despite spot uranium holding above $90, possibly a buying opportunity.
Uranium's U3O8 spot price is about $91.30 per pound and holding above $90, but uranium equities remain in a decisive downtrend and have been hit hard. Ceresna attributes that to the broader AI selling, which has dragged them down with it. He sees a disconnect between the physical commodity and its equities. He wants to see when the equities can put in short-term lows, and whether that becomes a critical buying opportunity.
“Clearly, those uranium equities have been dragged down with a lot of the AI selling that has been going on. It will be interesting to see when these uranium equities finally can start banging out short term lows”at 51:01
MacroVoices: MacroVoices #556 Luke Gromen: US Midterms & Beyond ·
Brien Lundin · Jefferson Financial (Gold Newsletter / New Orleans Investment Conference)
Small modular reactors will power data centers first, a couple of years out; mining use is far off.
Lundin thinks small modular reactors will have their biggest near-term impact at stationary data centers that need independent power, which is a major driver of the uranium market. He says installations are only a couple of years away, maybe three. For mining applications he thinks it is about twenty years off, since power lines or gas pipelines can deliver power over long distances more cheaply than even a small reactor.
“where the SMRs will have the most impact, I think, in the closer term will be for data centers ... We're only a couple of years away, maybe three, for small modular reactor installations.”at 32:06
Thoughtful Money: Gold & Silver Weakness Now Offers A "Generational Opportunity" | Brien Lundin ·
Tyler Rosenlicht · Cohen & Steers
Nuclear is in a renaissance with a large investment cycle; the team is very positive on the value chain.
Nuclear is clean and predictable. It runs 24/7/365 with very low variable cost, which is why it has featured in the conversation for the past three or four years. The team sees a nuclear renaissance that will take 15 to 20 years to play out, backed by a huge investment cycle already under way. The team calls the nuclear value chain well positioned, and it says the path will be non-linear. The stake reflects the team's active positioning in the group.
“Nuclear is clean. It's also very predictable. ... We really are excited about nuclear. Again, we think that we're in a nuclear renaissance. It's going take fifteen or twenty years, but there's a huge investment cycle behind us there.”at 6:58
UBS On-Air: Talking Markets (Powering the AI revolution) with Tyler Rosenlicht (Cohen & Steers) ·
Chris Wright · U.S. Department of Energy
The nuclear renaissance is real: uprates and restarts add capacity, with new reactors coming soon.
Wright cites the Constellation deal: 15 reactors at eight sites will be uprated, and the plant behind him gains 150 megawatts. Loans will add 1.1 gigawatts of capacity from existing plants, which he says lowers pressure on power prices and supports manufacturing. The plant was days from closing five years ago. He credits Trump-era policy for restarting three plants and says new reactor announcements are coming.
“It definitely is. In fact, the plant behind me a little over five years ago was days away from being closed. ... So, yes, the nuclear renaissance is real, Brian. It's happening.”at 14:22
CNBC Power Lunch: Energy Secretary Interview, Low-Beta Stock Picks, Nucor CEO Exclusive 10/27/26 ·
Patrick Ceresna · Big Picture Trading
Uranium stocks hit 52-week lows on AI-basket selling, even though physical uranium is stable.
Physical uranium prices remain very stable, with no real distribution and only minor spot selling at a discount to NAV. Uranium equities, however, have been grouped with many AI trades. As the broader AI baskets sell off, the pressure is spilling into uranium stocks, which are breaking to 52-week lows on short-term liquidity. Ceresna says the long-term nuclear story is still strong. In the short term, though, he expects further distribution until the AI stocks find a durable bottom, and he does not yet see where the next buying opportunity is.
“uranium stocks have been basketed with many AI trades. And so as the broader AI baskets are selling, we are seeing that pressure likely leading to some distribution in these uranium stocks as well.”at 1:33:02
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Tobias Carlisle · Acquirers Funds / The Acquirers Podcast
Nuclear power never became too cheap to meter because nuclear is too expensive to build.
Carlisle recalls a 1950s prediction that nuclear would make energy too cheap to meter, and says it has not happened. He offers his own explanation that nuclear is too expensive to build, though he says he has not checked this. The view is a tentative explanation rather than a researched conclusion.
“because we haven't got nuclear. It's too expensive to build nuclear.”at 49:31
Jesper Koll · Monex Group
A large-scale revival of Japan's nuclear power is a long way off because of strong political resistance.
Koll says political resistance to reviving nuclear power at scale is very strong. A seismic-data scandal at Chubu Electric, which supplies Nagoya, led to resignations and worsened the outlook for restarts. As a result, the government is leaning on renewables and, more importantly, gas to raise Japan's energy supply capacity. He sees energy sufficiency as Japan's biggest challenge.
“the resistance against a revival of nuclear power at scale, right, is very, very strong. ... So this is a long way off.”at 38:34
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Yasir Arafat · Aalo Atomics
Oklo customers are reserving large shares of factory capacity, a demand signal for a second factory.
Yasir says prospective customers are not asking for one to ten reactors but to reserve 20% of the factory's production capacity. He describes a model in which three more customers each take the next 20%, reaching 80% utilisation, and that this demand would signal the need to build a second factory. Oklo is expanding from a 40,000 sq ft facility to about a million sq ft to produce 100 reactors a year.
“They're asking us literally like, hey, I want to reserve 20% of your factory production capacity.”at 7:32
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Erik Townsend · MacroVoices
Demand for nuclear would explode once it costs less than coal and gas and deploys as fast.
Erik argues the key threshold is making safe, clean nuclear cost less than coal and gas and deployable as quickly. Because the whole world wants to move off fossil fuels, demand would surge immediately once that is achieved. Today nuclear costs about twice as much as coal and gas, takes about ten years to build, and is hard to finance. A modular plant built on an assembly line for less than a coal plant would be a 'nuclear Henry Ford moment' that could break humanity's addiction to fossil fuels. Erik says this is a long-term view and not something he expects in the next few years.
“when somebody figures out to make safe, clean nuclear energy cost less than coal and gas and be deployed just as quickly, I contend demand explodes overnight”at 17:31
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Yasir Arafat · Aalo Atomics
Supply chain, not manufacturing, is the biggest challenge to scaling reactor production.
Yasir says a one-off reactor is manageable and that his team's manufacturing capability can build about 20 reactors a year. Scaling to 50, 100, 200 or 300 will break parts of the supply chain. Oklo relies on about 230 vendors for steel, pipe, sensors and electronic components, and that number is growing. The hard question is how to get suppliers to invest in capacity so they can grow alongside Oklo. He says the company is confident this is solvable, and that the team includes former Tesla volume-production engineers.
“Because manufacturing is really not the biggest problem here alone. The biggest problem here is supply chain.”at 24:23
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Erik Townsend · MacroVoices
Structural enriched-uranium supply deficit is coming in the 2030s, especially for HALEU.
Erik says uranium is cheap today, under $100 a pound, but that will change in the next few years. Centrifuge enrichment plants cost almost as much as oil refineries and take almost as long to build and bring online. Every uranium expert he has interviewed agrees there is a structural supply deficit in the 2030s, before any mass production of reactors. The deficit would be most acute in the HALEU market now forming. He concludes that scaling to hundreds of gigawatts a year would be hard without a smarter approach to enriched fuel.
“Every uranium expert that I've ever interviewed on this program seems to agree that there's a structural supply deficit coming in the twenty thirties, not for a few years, but in the twenty thirties”at 27:20
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Yasir Arafat · Aalo Atomics
Uranium is abundant; 30% of known reserves tapped, and recycling extends supply to about 12,000 years.
Yasir argues uranium supply is not as constrained as commonly assumed. Uranium is abundant in the soil and found alongside iron, copper and lithium. Of the identified mines that can be tapped, only about 30% of known reserves are in use, leaving about two-thirds, enough for roughly 117 years of current-style plants. Burning 5% enriched fuel leaves about 95% reusable material, and recycling it extends the identified supply to about 12,000 years. On this basis he says oil and gas last about 50 years for civilisation, while nuclear could last close to 120 years, so the question is when the transition happens rather than whether it does.
“Uranium is very abundant in the soil, but every single mine that [we've] identified right now that we can tap into for uranium, we've actually just tapped into 30% of that known reserves of uranium in the mine.”at 32:38
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Yasir Arafat · Aalo Atomics
Building fast-spectrum reactors on day one is a mistake without a fuel supply chain.
Yasir distinguishes Oklo's approach from some peers who are working on fast-spectrum reactors from the start. He says that approach is a mistake because the fuel supply chain for it is not ready, and those designs would wait many years for the supply chain and costs to come down. Oklo's plan is to run on LEU for near-term cost reduction, then move to fast-spectrum reactors when HALEU becomes available in large enough quantities. Fast-spectrum designs could burn far more of the fuel and cut mined uranium use.
“Now some of our peers are still working on fast spectrum reactors on day one, which I think is a mistake, because we don't have the supply chain.”at 35:14
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Erik Townsend · MacroVoices
Spent nuclear fuel is wasted energy; reprocessing and burning it is the answer.
Erik says the world has about 250,000 metric tons of spent nuclear fuel in storage and that public fear of it is misplaced. He argues the real problem is wasting perfectly good fuel. Reactor designs from before he was born can burn this material after reprocessing, so the answer is to stop calling it waste, use it as fuel, and build reactors that can burn it.
“What I had no idea of is the crime here is wasting that perfectly good nuclear fuel.”at 36:23
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Yasir Arafat · Aalo Atomics
Used nuclear fuel is recoverable and recyclable, so it is a resource rather than a dangerous waste problem.
Arafat argues the 'nuclear waste' problem is a myth. Spent fuel is called used nuclear fuel in the industry because most of it can be recovered and reused in reactors, and fast-spectrum reactors can extract far more energy from it. He says the solid, concentrated form is an advantage: it keeps CO2-style sequestration problems out of water and air, and no person or plant has been affected by commercial spent fuel. Recycling it could unlock much more energy. He says the nuclear industry has done a poor job explaining this to the public.
“And nuclear waste is not a real waste. It's actually what we call in the industry used nuclear fuel or spent nuclear fuel. And the reason why we don't call it a waste is because the majority of this material is recoverable and reusable”at 37:49
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Erik Townsend · MacroVoices
Reprocessing spent fuel is proven viable, so shelving it for disposal is a policy failure.
Townsend argues that skeptics should look at the history. The US built a reprocessing facility in the 1970s, but President Carter ordered it shut down just before it was ready, because the issue became politicized. He says the UK has shown reprocessing works: it recovered a large quantity of reactor-grade plutonium that can be burned as fuel as effectively as the HALEU that the US struggles to source. The UK government then decided to spend billions of pounds disposing of that valuable material underground. He presents this as wasteful policy rather than a technical barrier.
“they proved that you can reprocess it and get it to something that can burn in a reactor.”at 42:23
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Yasir Arafat · Aalo Atomics
US nuclear policy has turned supportive under this administration, unlocking fuel recycling and the NLIC campuses.
Arafat says the technology for recycling used fuel and making fresh fuel for fast-spectrum reactors is proven and demonstrated in the US and abroad, so the remaining barrier is policy, which is in limbo. Previous administrations avoided taking clear positions on nuclear, while this administration has been vocal in support and put strong advocates such as Energy Secretary Chris Wright in top roles. Wright is working to bring back the idea that the US should recycle used fuel and let startups build industries around it. He points to the Nuclear Lifecycle Innovation (NLIC) campus program, where the government will pick two host states for facilities covering mining, enrichment, fuel fabrication, reactors and recycling. He expects this to attract public and private investment and jobs.
“all that I think has changed with this administration, who have been extremely vocal about their support in nuclear”at 44:39
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Yasir Arafat · Aalo Atomics
China is a formidable rival but mostly copies US nuclear designs and is weak at first-of-a-kind technology.
Arafat concedes China is a formidable competitor that has outcompeted the US in many industries. He argues that in nuclear, every advanced reactor China has built is a design the US developed first, mostly as prototypes at national labs such as Idaho National Laboratory. He cites China's pebble-bed gas-cooled reactor, which reached operation before the US version, but says it has had ongoing operating problems. He concludes that China copies and executes well, but is not strong at new first-of-a-kind technology. He also cites Apple, Tesla's Model Y and US jet engines as evidence that money and manpower alone do not guarantee faster innovation. He says the US must keep innovating and clear policy bottlenecks, since losing to China is only certain if the US does nothing.
“they're copying off of what The United States have already done. ... They're not very good at coming up with brand new technology. They're good at copying other innovations”at 52:43
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Erik Townsend · MacroVoices
China's state-funded nuclear buildout threatens US competitiveness and energy security unless US policy acts.
Townsend argues the main competitor for advanced nuclear is China, not another reactor company. China has a state-funded plan to outspend the sector and already has more light-water reactors planned or under construction than the entire US fleet. It has built a high-temperature gas-cooled reactor and has announced thorium molten-salt reactors for container ships. He thinks China is likely to move into factory mass production of these designs, which is the path Aalo is pursuing. He says the technology was invented in the US, so a competitive disadvantage is forming, and that the energy security of the US is at stake. He conditions the outcome on whether US policy prioritizes the steps Chris Wright has started.
“China is set to win if we don't take policy action to put more priority on doing the things that Chris Wright has already set out”at 56:18
MacroVoices: MacroVoices #554 Yasir Arafat: Mass Manufacturing Nuclear Power Plants ·
Maria Vassalou · Pictet Group
Germany's nuclear exit was a mistake; nuclear should stay in Europe's diversified energy mix.
Maria argues energy needs a portfolio approach with a diversified pool of sources, not a single path. She has nothing against green energy but says nuclear should be part of the mix, and that Germany's exit from nuclear was a mistake. She points to France's nuclear-heavy system as evidence of the benefits. She also says fossil fuels will stay in the mix for the foreseeable future, and that alternative cheap energy sources matter given recent Strait of Hormuz disruption.
“And it was a mistake that Germany got out of nuclear power. We see the benefits of nuclear power in France, for instance.”at 43:45
Masters in Business: Balancing Conviction and Risk: Masters in Business with Maria Vassalou ·
Erik Townsend · MacroVoices
China's nuclear buildout outpaces the US, and state funding leaves private US nuclear firms struggling.
Erik says China has more conventional nuclear plants planned and under construction than the entire US fleet. He adds that China has a strategy of advanced research into thorium-fuelled molten salt reactors, which almost no private-sector players have attempted. The few private firms trying are struggling against a state-funded Chinese competitor. On this evidence he says the assumption that the US wins a cold war with China is hard to support, since the facts look daunting.
“China's got more [conventional] nuclear power plants planned and under construction than [the] entire US fleet.”at 43:53
MacroVoices: MacroVoices #553 Brent Johnson: Disparate Housewives ·
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