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Nuclear startup companies need more than words of support. They need financial backing and they need it now. There are on the order of 50 startups in North Amer
by hairytrog 7y ago
Nuclear startup companies need more than words of support. They need financial backing and they need it now. There are on the order of 50 startups in North America trying to commercialize new nuclear technologies. A few have billionaire backers, a few others are receiving government grants. All are under funded.
In a world where a web service can be prototyped in weeks and complex hardware can be prototyped in months, the investment community is not taking nuclear startup proposals seriously. We get it - you want to make money as fast as possible.
If we want to see operational Generation IV nuclear power in the next decade, investors need to recalibrate their investment timeframes. This means we have to wait longer and make larger bets. The human mind is tuned to yearly seasonal cycles which is fine if projects can be tested on that time scale. But for something as complex and risky as nuclear power, we need to think in five or ten year cycles.
To all the people with money advocating for climate protection and low cost power for the developing world - enough talk - nuclear startups want to get to work, and they need financial backing. Next time you fund a company focused on fintech, weed, or low-paying gig economy jobs, consider that you could be investing in Generation IV safe nuclear. The contrast is stark between companies that shuffle money around or capitalize on addiction versus companies that produce the most basic resource of energy.
- yeahitslikethat 7y agoThe long view is gone. Let's just imagine we cannot stop climate change. Who's working on that problem?