Isaiah Taylor

Their words

And the type of risk that we are asking investors to take is um, we know the physics works. We know that there's infinite demand and how we go from here to there is technology execution. And guess what? Venture capital in the United States is the best at underwriting tech risk of anywhere in the world.

Their words

Um everywhere in nuclear is like this. There are uh totally fake costs from an industry that is just totally anemic and doesn't know how to build anything anymore.

Their words

if you're looking at the nuclear space today, you don't expect people to have this problem solved in 2031. In fact, I would say even 2035, a lot of these companies are still not going to get there because they have the wrong mindset.

Their words

energy being a commodity, the demand is set by the price, right? So if you can reduce the price, you increase the demand.

Their words

Um and we will get it down to minutes. Um this company will get will will get to the point where we have a new reactor turning on every few minutes.

Their words

if you look at the um the economics of nuclear it really is driven by how quickly and cheaply can you produce plants right the uranium is very cheap right the the fuel is very cheap. The question is, can you produce plants quickly and cheaply?

Their words

But the problem of nuclear today is like the Toyota Camry problem, right? Like we don't want to make Lamborghinis. We want to make a very simple, very cheap, very safe reactor that we can make literally tens of thousands of. Um and actually that is going to make the cheapest energy in the world, right?

Their words

I would make one big division in nuclear companies and it is people who believe that nuclear is essentially a hardware execution problem and people who believe that it's a design problem. Um Valor is solidly in the camp that we believe this is a hardware and execution problem.

Their words

The alternative way that you can reduce risk is actually just reducing consequence, right? And we would argue that that's a much better way to reduce risk. Odds uh are stochastic, right? Even if you do an enormous amount of risk reduction on odds and you do all this engineering, something's still going to happen, right? like just something's going to come out of left field and you can't predict everything.

Their words

Nuclear energy is the safest form of energy empirically. If you look at the amount of power generated versus the amount amount of deaths, um it's even safer than solar, which is very strange because how does someone die from solar? that actually most solar is installed on roofs and people sometimes die falling off of a roof installing solar and if you add those deaths up it is actually a higher death per energy than the totality of nuclear energy in the world.

Their words

it's just been sitting there in legislation for like 40 years and no one's really taken advantage of it except for one government program here or there where they want to, you know, do a NASA space reactor or something like that. But it has from a legal perspective been waiting for an administration to say, "Hey, this might be a way to accelerate nuclear R&D."

Their words

if you look at the nuclear industry outside of Valor, it's mostly a modeling and simulation uh industry. Like when you think of a nuclear company, right, there's like nuclear companies out there that everyone knows the name of. And you kind of look under the cover. It's actually a modeling and simulation company, right? They produce um very very precise what we call paper reactors which have really good predictions of how a theoretical thing might behave.

Their words

what was missing is that people did not realize that you're going to have to pursue that model through hardware iteration. And that's where really where Valor is unique is that yes, we believe in SMRs, we believe in reactors that are manufactured, but we also know that in order to get there, you have to do it through hardware iteration.

Their words

Now, nobody died, right? Uh in fact, not only did nobody die, nobody was injured and there was no radiation dose to the public. But, uh it was sort of a optics and PR situation um that was mismanaged in many many different ways and the public uh became fearful and and lost interest in nuclear.

Their words

Nuclear's never had its Ford moment or its Tesla moment, if you want to put it that way. And that's what Valor Atomics is working on doing. We have nuclear reactors that are more manufactured than constructed and uh they're extremely safe and we think the combination of these two things is going to allow us to scale nuclear fision and make energy 10 times cheaper for humanity.