RE: Nuclear power gets a public offering
You are viewing a single comment's thread:
Quite a find, @bozz! The energy sector is the new tech sector! And you are getting in at the ground floor.
The technology appears to be world leading. The Chinese as well as the French tend to focus on the big scale plants leaving the field open for SMR.
In terms of valuation, the issue price appears quite high. Good for the SPAC sponsor. Less so for the investing public.
Paying more than 20 times 2024 EBITDA appears steep. And in my experience, the initial forecasts made at the time of listing are less than reliable. They paint a rosy picture to ensure the institutional investors buy in and support the whole listing.
Maybe it is best to wait until the they have released some "real earnings" numbers and the lock-up period for the sponsors has expired before adding more.
Posted Using LeoFinance Beta
Too late, I already bought some. I guess I was just too excited. It's not a big deal though. I didn't invest too much and it was money I am okay losing if that ends up happening. Thanks for the awesome analysis. I'll be a bit more patient and wait for you to reply next time I have my eye on something!
Posted Using LeoFinance Beta
😂😎
Nuscale is impressive. I like their setup compared to the monster-sized nuclear power plants. I wish I could read their technical specifications or their Safety Analysis Report. I think they will lead a new era in commercial nuclear power.
I hope so. We need it and anything cleaner and safe than what we have is a plus.
You're certainly correct. The only aspect of any nuclear-power project that I'm concerned with is waste. You can't just put spent nuclear fuel anywhere. Like any other currently operating power plant, you're going to have to store that fuel. Commercial power plants have to store them on site, currently. Intermediate storage areas are available, however, that can reduce the inventory of used fuel. It's the long-term storage that's the problem. There are theoretical technologies that can reduce the volume of nuclear waste, but heaven only knows when that will become feasible.
I should look up the answer they gave me when I asked them about the waste. Here you go. Sorry it is so long:
thank you for your question. What's interesting is that used nuclear fuel still has considerable energy available, and could be recovered.There are existing and new technologies on the drawing boards today that can utilize this fuel. We have demonstrated that used fuel can be safely transported and stored, as needed. The NuScale design will also be able to take advantage of advanced fuel designs in development, when they are ready, which hold real promise to reduce the inventory of used fuel. In addition, the NuScale plant design incorporates proven safe, secure, and effective used fuel management systems. Used fuel is stored underwater in a stainless steel lined concrete pool for at least 5 years. The concrete pool is well below grade as is part of the reactor building; a highly robust structure designed to Seismic Category 1 and aircraft impact resistant requirements, capable of withstanding a variety of severe natural and man-made phenomena. The facility design includes on-site dry cask storage of the used fuel for the life of the facility, or until such time that the used fuel can be ultimately stored at a permanent long-term used fuel repository.
There definitely truth to their response:
The above statement is a Nuclear Regulatory Commission (NRC) requirement. The NRC is the federal group responsible for licensing nuclear reactors within the United States.
When spent fuel rods meet the time and power requirement for removal from the pool, they get placed into dry cask storage. I've been involved in this operation multiple times now. It's pretty amazing. They place used fuel within an intermediate container (placed inside of the pool) and lift it filled with water to a separate area.
They then pump out the water from the intermediate container with Helium and completely dry it out. Once that's done, they transfer it to the dry cask storage area and transfer the fuel from the intermediate container to a more robust dry cask (called an overpack) for storage. The reduction in radiation levels alone is staggering. From radiation levels that could kill you in seconds to just slightly above background alone.
Here's a link to a dry cask storage process if you're interested:
This statement is somewhat accurate. Yes, there are new and existing technologies, but recycling or reusing nuclear fuel isn't allowed within the United States at this time. The new and existing technologies available are used in countries like France. What I know for certain is that no commercial nuclear plant reuses or recycles fuel in the US. I don't know for certain if there are any experimental reactors here that fulfills that function.
sorry about the bum video link. i didnt know that would happen. you can look up PG&E dry cask storage on youtuve and it will come up.
No worries! Thank you!