
Columbia Energy Exchange Laura Holgate on the Promise and Perils of Nuclear Innovation
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Feb 10, 2026 Laura Holgate, former U.S. ambassador to the IAEA and national security expert on nuclear energy and nonproliferation. She explores nuclear innovation, safety, and governance. Topics include small modular reactors and new uses like powering data centers, the tension between faster deployment and regulatory rigor, export competition with state-backed vendors, and the strategic value of U.S. investment and safeguards.
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Mobilize Financing For First-Of-A-Kind Plants
- Use a mix of financial tools: hyperscaler investment, loan guarantees, public-private risk sharing, and government support.
- Encourage hyperscalers to underwrite early serial production to speed cost declines.
World Bank Shift Could Unlock Global Demand
- International development banks shifting to finance nuclear (life extension, SMRs) could help build global order books.
- Bundling international demand with U.S. demand would level the playing field against state-backed competitors.
Bipartisan Support Is Fragile Capital
- Bipartisan U.S. political support for nuclear expansion is strong and valuable.
- Excessive politicization risks damaging that fragile consensus.
