Jim Schaefer is Senior Managing Director at Guggenheim Securities.
The growing consensus that the electric industry's transformation to low and then to zero-carbon electricity must include a fleet of advanced nuclear plants as a clean baseload foundation was much discussed and celebrated as well at a gathering in New York of tech, financial, and industry leaders.
Here are key remarks by Guggenheim Securities' Jim Schaefer.
Jim Schaefer: If you look at the IRA, we have tremendous support that's emerged for the existing technology suite that people seem to be actively deploying, and specifically for the advanced reactor space. Beyond that, energy security has emerged as a critical theme behind this industry, and that's in large part due to the war in the Ukraine. Tragic event.
Along with that, people are recognizing that the supply chain is critical, not just the war demonstrating that, and you have got to be careful where you source natural gas from. We also need to be careful where we support critical infrastructure like solar, wind, and batteries. It's not the case that entities we thought were our friends are always our friends.
We have as a nation, and in Canada, amazing, advanced reactor technology. There're over seventy young visionary companies on this continent that have pathways toward third generation and fourth generation technology. Some of those companies are very advanced, a couple of them are public.