American nuclear reactors are well into middle age. The median age of an operating reactor in the U.S. is 34 years, placing start-up in midst of the Carter administration.
Sentiment: POSITIVE
More than 30 of America's 100 nuclear power reactors have the same brand of General Electric reactors or containment system used in Fukushima.
I worry about 10, 15, 20, 25 years down the road. Where are we going to be in this age of nuclear weapons, where there is no margin for error?
For 50 years, nuclear power stations have produced three products which only a lunatic could want: bomb-explosive plutonium, lethal radioactive waste and electricity so dear it has to be heavily subsidised. They leave to future generations the task, and most of the cost, of making safe sites that have been polluted half-way to eternity.
Building new nuclear is something that is going to take a lot of commitment, not only from our company but from the communities we serve. It is a five-to-seven-year journey to build one, and they are expensive.
A nuclear power reactor is just a fancy way of boiling water.
The trend in the world right now is - not just in developed countries, but in developing countries including China and India - there is a movement to build more and more nuclear plants.
The nuclear industry has this amazing record, even equipment from generations one and two. But nuclear mishaps tend to come in these big events - Chernobyl, Three Mile Island, and now Fukushima - so it's more visible.
We have to be aware that fossil fuel energy sources have an expiry date. A timeframe of 30, 40 or 50 years can seem a long time to get rewards for economic policy, but it's only a short time for implementing a new energy policy.
Nuclear power is a young technology - there's so much more to be discovered. That's what makes it so exciting to me. Yes, there are problems, but innovative people are going to be able to come up with solutions and bring the technology to its full potential.
Our reactor actually burns nuclear waste as fuel. So not only is it safe and powerful, it solves an important issue: It actually reduces nuclear waste instead of creating. It's the reactor of your dreams.