AP1000
64
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Search complete. 64 mentions across 25 episodes found for "AP1000".
Oct 3, 2026
Henry McMasterSOUNDBITE_SPEAKER
But a typical nuclear facility might have maybe 2,000, maybe 3,000 acres of land all s- with all the buildings and such, and the reactor's there.
Henry McMasterSOUNDBITE_SPEAKER
But to produce as much as one AP1000 can produce, it would take a farmland, all kind of land of somewhere be- between 20 and 30,000 acres to equal what comes from one AP1000.
Henry McMasterSOUNDBITE_SPEAKER
So I ask you, which is the smarter way to go? We have got to have nuclear.
Henry McMasterSOUNDBITE_SPEAKER
It is clean.
Darla MooreSOUNDBITE_SPEAKER
So we got, in my view for South Carolina, a one-time non-recurring generational opportunity to move the needle in this state that we will never see again in our lifetime.
Gavin JacksonHOST
Alex Molinaroli, who is the namesake of the College of Engineering at USC and is the former chairman and CEO of Johnson Controls, also spoke on the panel.
Gavin JacksonHOST
And he talked about the need to create more opportunities and also talked about a major announcement between the University of South Carolina and Westinghouse Electric Company that will fuel the development of AP1000 plants.
Gavin JacksonHOST
If you're talking about the AP1000, that's the reactor that's going in these nuclear plants now that is developed by Westinghouse.
Julie KozerackiGUEST
And then, you know, and this is where I'll get into the second piece here.
Julie KozerackiGUEST
You know, we are here as an enabler of the private sector, and we see there being real market demand around the AP1000, increasingly so, for a number of reasons.
Julie KozerackiGUEST
You know, one, that we are in an environment of such uncertainty.
Julie KozerackiGUEST
striking electricity demand growth, that it's really helpful to have options that add power, 1,100 megawatts at a time.
Julie KozerackiGUEST
And then the second piece is a growth in understanding about the risk profile of the AP1000 on behalf of very risk-averse utilities.
Julie KozerackiGUEST
And so I will say that, for example, you know, we made a very deliberate choice when we announced the program not to name the interested utilities and IPPs because the program is structured as being for five two-packs of AP1000s.
Julie KozerackiGUEST
So there will ultimately be five utilities or IPPs pursuing sort of two AP1000s each.
Julie KozerackiGUEST
And we actually have more interest than we have slots for.
Andrew MeehanGUEST
And so you take a higher risk, you expect a higher return.
Andrew MeehanGUEST
With an AP1000 build, there's a lot of risk.
Andrew MeehanGUEST
There's a lot of execution risk.
Andrew MeehanGUEST
There's a lot of project risk.
Brennan MooreHOST
And basically, you need to pull time in as tight as you can, which is why we're building them smaller so we can build them faster, and that's great.
Brennan MooreHOST
But then the cost of capital piece, like, if you were to ask, we're right now at the summit.
Brennan MooreHOST
I mean, if you were to ask... 80% of the people here are like, what's the cost of capital for an AP1000 build? What is it in the model? And where could you actually raise capital around it? And I've seen these models.
Brennan MooreHOST
It's like terminal whack, weighted average cost of capital of 8% or some mid-high single-digit return.
Justin HuhnGUEST
So the VC Summer plant is going to be restarted in construction, um, and, and Brookfield seems to be aiming to do that.
Justin HuhnGUEST
That's an-another AP1000.
Justin HuhnGUEST
Duane Arnold's going to restart.
Justin HuhnGUEST
Palisades is gonna restart.
Austin AdamsGUEST
There's about 30 companies in, around the world that are looking at new emerging nuclear technologies to try and fill that space.
Austin AdamsGUEST
And then alongside that, you've got the likes of Westinghouse with their more traditional AP1000 solution that's, that, uh, is well-proven.
Austin AdamsGUEST
Uh, it's of a modular design and just needs to get rolled out.
Austin AdamsGUEST
So in, in power, you combine that with the appetite in the US for the US government to help fund that.
Dan CoxGUEST
There's already pre-permitted expansion there that he's not doing.
Dan CoxGUEST
So we could do what's called AP1000s.
Dan CoxGUEST
And I've been in touch with the mayors in that area.
Dan CoxGUEST
They're all on board.
Dan CoxGUEST
You know, we've literally, um, we've got the Calvert Cliffs.
Dan CoxGUEST
We've got an opportunity for two more, um, uh, ex- expanded AP1000s there, which would bring on 60%, but instead we're importing Pennsylvania power-
Rob CarsonHOST
Yeah
Dan CoxGUEST
...
Ken ChesterHOST
If you're a farmer right now, that income is vitally important to you.
Ken ChesterHOST
Why are we not doing this? Why do we think that natural gas and coal is the only solution? Why do we think that nuclear power, by the way, is still years out from making a measurable contribution because the lead times are so long? And as I mentioned here in this program, the sample they are using for a large-scale nuclear plant is the Westinghouse AP1000, which in Georgia took them 15 years to get online.
Ken ChesterHOST
This is the model that they're pushing.
Ken ChesterHOST
And modular, small modular reactors are still in a test phase.
Per JanderGUEST
And it's like, yeah, people haven't realized how big this is yet.
Per JanderGUEST
It's essentially a utility that shows up with eight AP1000s.
Per JanderGUEST
And they're going to be ready to go in five years.
Per JanderGUEST
So we just moved to five years construction time on AP-1000s, thanks to the U.S. government.
8 MINS LATER
John CiampagliaGUEST
And it'll obviously have a knock-on effect in terms of investing and benefiting the upstream part of the supply chain, which is uranium.
Per JanderGUEST
Excellent.
Per JanderGUEST
Anything to add to that pair? The only thing that I'm hoping or keeping out for is I think we're on the verge of getting some announcements of large new builds in the US to some of those AP1000s that people have been talking about.
Per JanderGUEST
I'm optimistic that it's going to be in the coming months anyway, and I think that can obviously also trigger a lot of interest in the sector.
Chris KeeferHOST
But talk has really turned towards large modular reactors.
Chris KeeferHOST
And really, we're faced with two technologies, the CanDo technology, our national reactor technology, and the Westinghouse AP1000.
Chris KeeferHOST
What are your thoughts, given the trade war, given the Gordie Howe Bridge example, on what we should do? And I'm really not trying to ask this as a rhetorical question because I think folks familiar with me will know my answer.
Chris KeeferHOST
So feel free to answer any way that you like.
Chris KeeferHOST
Six months ago, I may have added a somewhat different
Jesse HuebschGUEST
answer, but to me, the Gordie Howe Bridge was really my joker moment on what kind of actions this admin or a future MAGA faction admin might have.
Jesse HuebschGUEST
So the, you know, Westinghouse likes to advertise the AP1000 as being 100% Canadian owned, or at least it does on Canadian podcasts.
Jesse HuebschGUEST
Pretty sure it doesn't do that on American podcasts.
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