Licensing Nuclear Reactors

The conversation dives into the complexities of the NRC licensing process for small modular reactors (SMRs) like Nuscale's. It highlights the stark difference between a certificate and a license, with the former holding little to no legal weight. The discussion reveals that the path to obtaining a license can take five to ten years and cost upwards of $1 billion, with no entity having successfully completed the process in nearly five decades.