Uncovering Nuclear Returns with Mike Scott

FEG Insight Bridge

Join FEG CIO Greg Dowling and Mike Scott, Managing Partner and Founder of Pelican Energy Partners, as they explore the world of nuclear power and its impact on energy dynamics. Mike's transition from leading energy service sector buyouts to focusing on nuclear energy offers valuable insights into this often misunderstood domain.

This episode debunks myths, uncovers trends, and delves into the lucrative opportunities and potential risks associated with nuclear power, from its role in carbon-free energy to technological advancements. Discover why nuclear energy may deserve a closer look from investors, from Eastern Europe's mission for energy independence to longer-term impacts from Fukushima and changes in U.S. policy. Lastly, you'll gain a deeper understanding of how nuclear energy is shaping the future of global energy markets; and explore its potential in investment portfolios.

Key Takeaways

• Nuclear power is experiencing a resurgence driven by the need for carbon-free base load power, with 93 plants in the U.S. generating 20% of the country's electricity and 50% of its carbon-free energy.
• The Inflation Reduction Act (IRA) places nuclear power on the same footing as wind and solar, enabling it to benefit from production tax credits and investment tax credits. This has supercharged the nuclear industry, driving upgrades and relicensing of existing plants, leading to increased activity and investment.
• Small modular reactors (SMRs) offer safer, more efficient nuclear power with higher output for the same input. Despite regulatory challenges, there is significant demand for SMRs from both utilities and industrial sectors due to their decarbonization potential and thermal efficiency benefits.

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Chapter

1. Introduction (00:00:00)

2. Episode Introduction (00:00:29)

3. Introduction on Mike Scott (00:01:18)

4. Nuclear by the Numbers and Overcoming Misconceptions (00:01:46)

5. Investment Opportunities and Specialized Market Dynamics (00:04:47)

6. Generational Shift within the Nuclear Industry (00:07:47)

7. Market Dynamics and Exits (00:10:27)

8. Nuclear Safety and Public Perception (00:13:02)

9. Shutting Down and Building Nuclear Reactors (00:16:07)

10. Small Modular Reactors (00:18:00)

11. Grid Integration and Cost Savings (00:20:32)

12. Fission vs. Fusion (00:23:31)

13. Energy Service Dynamics (00:26:39)

14. Personal Risks and Fun Facts (00:31:11)