Nuclear fuel cycle

And we'll see these companies mature and grow and hopefully build commercial reactors.

But I've been kind of, harping on i want to continue to see competition innovation development at the very front end people continuing to design great reactors and as we're seeing with the nuclear energy launch pad program a lot of fuel cycle opportunities and then bernie you and i have been talking about this all year that 2026 is the year of the fuel cycle and i think case in point right here with the launch pad program so a bunch of new folks a bunch of names that you know you and i who are really deep in the weeds in this industry there's a handful of names on here that neither of us have heard of i'm sure so um really you know pleased to see that we have new programs that uh companies can go out and raise capital against participating in these types of programs right we've seen so much success from the reactor pilot program and the ability for companies to then go and say hey there's so much more beyond criticality and then tee up new companies to go critical or build fuel processing opportunities

Yeah, and you see the fuel really as a theme in the launchpad.

Well, in a second, we'll show, we'll dig into a little bit more on the launchpad participants and what each one of them are up to.

And so you look at the success from the reactor pilot program, clearly the over was met.

I think our over-under was three reactors go critical.

We hit the over, right? There's so much regulatory support here to get – innovative, fast, agile reactor developers and fuel cycle companies up and running.

And so you can point to the reactor pilot program when you're looking at the nuclear energy launch pad and say, hey, look, regulatory risk does not exist in the same way it did if we showed up to start this company in 2023.