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Right now, Mr. Geringer says the largest players in nuclear construction, maintenance and waste disposal are either privately held – such as Jupiter, Fla.-based Holtec International – or they ‘e part of large, diversified multinationals such as Bechtel Corp., Fluor Corp.Irving, Tex.-based Fluor Corp. took NuScale Power Corp.public in May on the New York Stock Exchange via a special purpose acquisition company. Corvallis, Ore.
One of those companies is Sunnyvale, Calif.-based Oklo Inc. While the company’s also privately held, co-founder and chief operating officer, Caroline Cochran, says new opportunities for public investors to invest in SMRs generally will arrive a lot faster in the next few years. to launch a venture capital fund dedicated to the advanced nuclear space. NuScale, he says, “paved the way [for] a whole fleet of really interesting developers and service and support companies that will help this industry scale.”“I would caution folks not to think of this as a 2040 story because you’re going to see significant scaling of these technologies in the 2030s and you’re going to see order books placed for them in the mid-2020s,” he says.
“For the vast majority of all nuclear fuel produced in the world, uranium is put inside zirconium tubes,” he says. There are several publicly-traded mining companies with zirconium production around the world.
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