Oliver Stone’s award-winning[1] documentary titled “Nuclear: Time to Look Again” premiered at the Venice Film Festival on September 9, 2022.
The film has an important backstory. By 2019, Stone had become increasingly concerned about climate change and the apparent lack of progress in reducing the CO2 emissions that cause it. After hearing about and then reading Joshua Goldstein and Staffan Qvist’s “A Bright Future: How Some Countries Have Solved Climate Change and the Rest Can Follow” he decided that nuclear energy was a tool with great promise. He chose to contribute his skill as a filmmaker and storyteller to the pronuclear effort.
He and Goldstein co-wrote the script for “Nuclear.” During the 2-year-long effort to film and edit the movie, Goldstein provided detailed critiques and challenges. In interviews conducted before or immediately after the film’s premier, Stone has described the process of getting it right as a “pain in the ass” but also as an imperative to ensure that the film is not dismissed based on minor technical errors. He chose the documentary format as most appropriate for a topic with a public discourse that has been overloaded with emotion and fear and lacking in rational exploration of the underlying facts.
IMDB provides the following plot summary:
As fossil fuels continue to cook the planet, the world is finally becoming forced to confront the influence of large oil companies and tactics that have enriched a small group of corporations and individuals for generations. Beneath our feet, Uranium atoms in the Earth's crust hold incredibly concentrated energy. Science unlocked this energy in the mid-20th century, first for bombs and then to power submarines, and the United States led the effort to generate electricity from this new source. Yet in the mid-20th century as societies began the transition to nuclear power and away from fossil fuels, a long-term PR campaign to scare the public began, funded in large part by oil interests. This campaign would sow fear about harmless low-level radiation and create confusion between nuclear weapons and nuclear power. With unprecedented access to the nuclear industry in France, Russia, and the United States, director Oliver Stone explores the possibility for the global community to overcome challenges like climate change and reach a brighter future through the power of nuclear energy.
In a series of appearances throughout the film, Nucleation Capital’s Rod Adams described the way that fossil fuel interests invested in a nuclear energy fear campaign to protect their markets and political power. He also talked about the inspiring features of densely concentrated fuel that produces little or no pollution and about the advances being made in making nuclear energy systems smaller, simpler and easier to produce.
Unlike so many Hollywood disaster and dystopia films, “Nuclear” contains a hopeful, “we can do this” message. It features a small selection of some of the many scientists, engineers and communicators working to develop or enable the kinds of advanced nuclear energy systems that are being added to the Nucleation Capital portfolio. The film’s stars include Jake DeWitt (Oklo), Caroline Cochran (Oklo), Shannon Bragg-Sitton (INL), Ashley Finan (NRIC), Isabelle Boemeke (Isodope), and Joshua Goldstein (Bright Future).
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[1] “Nuclear” won the CICT Award – UNESCO “Enrico Fulchignoni” and the Fondazione Mimmo Rotella Award at the Venice Film Festival
We will be planning events around film-screenings of #Nuclear in the coming weeks. If you are interested in attending a screening event, please sign up here and we will send you a notification.
Diablo Canyon has been saved—for now! Rather than allowing this clean energy producing power plant to be wastefully decommissioned by those who simply dislike nuclear power, the California legislature, under the leadership of Governor Gavin Newsom, voted to extend its life by up to 10 years. Senate Bill 846, sponsored by Jordan Cunningham (CA-25, R), passed with nearly unanimous votes in both the Democratically-controlled Assembly and Senate. SB 846 also provides for as much as $1.4 billion in loans from California to PG&E for re-licensing and enables PG&E to also submit a timely application to the DOE's Civil Nuclear Credit program for further aid in re-starting licensing with the NRC and transitioning back to full-operating mode. This is a nearly miraculous win for California's pronuclear advocates and it is worth celebrating both the win and the broader community that made it possible.
While there are a lot of individuals and organizations who contributed to setting the stage for this phenomenal political win for nuclear power in general and Diablo Canyon specifically, there were also considerable underlying political realities that effectively forced the Governor's hand. In particular, the state's own energy experts from CALISO, CEC, as well as academia and industry, expressed extreme alarm at the high level of fragility of the grid and the high risk of power outages even with Diablo Canyon operating. The closure of Diablo Canyon was clearly going to exacerbate the already bad situation. Climate change and state clean energy mandates made the CPUC's plan to replace Diablo Canyon's clean energy with dirty coal power from PacifiCorp anathema to the both the state's goals and the Governor's political reputation. Meanwhile, the Russian invasion of Ukraine has resulted in dire energy shortages in Europe and rising gas prices. This is making the world's growing reliance on natural gas both uneconomical and politically unsavory.
With that as the political and economic backdrop, we wish to take a look at some of the individuals and groups that took on prominent roles advocating for nuclear power in general and for Diablo Canyon specifically. Some of these groups worked behind the scenes and some played highly prominent roles. The press has recognized the advocacy of the San Luis Obispo-based Mothers for Nuclear, which has consistently stood up for Diablo Canyon at local hearings, rallies and in the press. This mom-led non-profit further coordinated with Isabelle Boemeke, a model-turned "nuclear influencer," whose online presence "Isodope," introduced a witty, stylish and slightly snarky approach to pronuclear advocacy, sharing her frank messaging with a new generation. Together, they organized several recent and memorable public events, a rally on behalf of Diablo Canyon and the issuance of letter to Governor Newsom signed by 79 prominent scientific experts. As impactful as both of those campaigns were, their success rested upon a foundation of public opinion that had grown stronger due to very considerable contributions from the following very notable individuals and groups:
The Pronuclear Village
(Click to enlarge.)
Nuclear-Focused Writers
James Conca, Forbes Robert Bryce, Forbes and other Michael Shellenberger, Forbes, Environmental Progress Rod Adams, Atomic Insights Catherine Clifford, CNBC
Academics & Scientists
Dr, James Hansen, Climate Science, Awareness and Solutions, at the Earth Institute of Columbia University Dr. Todd Allen, University of Michigan Dr. Jacopo Buongiorno, MIT Dr. Steven Chu, Stanford University Dr. Jesse Jenkins, Princeton Dr. Jessica Lovering, University of Colorado, Boulder Also, another 75 or so who signed the February 2022 letter to Governor Newsom
Stewart Brand, The Whole Earth Catalog Californians for Green Nuclear Power, Dr. Gene Nelson What is Nuclear, Nick Touran Radiant Energy, Mark Nelson Thorium Energy Alliance, John Kutsch Google, Ross Koningstein (IEEE, White Papers) D.J. LeClear, The Rad Guy TEA, Silicon Valley, Alex Cannara Save Clean Energy, Isabelle Boemeke Citizen’s Climate Lobby, Jim Hopf (Nuclear group) 4th Generation Blog, Canon Bryan, Amelia Tiemann Rethinking Nuclear, Richard Steeves
Politicians & Biden Admin
Trump Administration & Congress, laid a foundation with the passage of NEIMA & NEICA Senator Sheldon Whitehouse, loudly pronuclear Senator Cory Booker, introduced his support of nuclear power during the 2019 Primary Climate Debates President Joe Biden, ushered in the Energy Bill of 2020, which funded the Advanced Reactor Development Program (ARDP), to accelerate commercialization of the next generation of reactors Dept. of Energy, Secr. of Energy, Jennifer Granholm, worked overtime to introduce the Civil Nuclear Credit program in a timely way, plus, she has posted many great videos about the need for nuclear to address climate Gov. Gretchen Whitmer has expressed her support for the protection of the Palisades Nuclear Power plant and now for Holtec's application to restart it The Infrastructure & Jobs Act, set up the Civil Nuclear Credit Program, with a $6 billion fund to save nuclear power plants, such as Palisades and Diablo Canyon Representative Elaine Luria, has introduced a bevy of important nuclear energy bills, including the Nuclear Energy Leadership Act (’19), Nuclear Power Purchase Agreements Act (’21), and Fueling our Nuclear Future Act (’22) All of Congress, has used voice votes to approve key pronuclear pieces of legislation Senator Diane Feinstein, wrote about her support for Diablo Canyon in a number of OpEds DOE’s Loan Program Office (LPO), under the leadership of Jigar Shah, has been working to provide Government-guaranteed loans to key projects
Funders
There is a small but dedicated community of funders who have shown a willing to support many of the above non-profits, as well as the various artistic and advocacy campaign initiatives. We are greatful to them, as they have allowed much of the work that others have not been willing to fund, to be produced.
[Please note: All of the above listed groups have websites that are available online. Legislation is all searchable. We are not able to provide links for every group but have provided for some that may be harder to find. If you have trouble finding information you need, please reach out through our contact form. We have had a prime seat for the last decade or so to follow the events but we cannot possibly include everyone or every group that is active in this space. However, if you think we have omitted an important contributor who should be listed as having had a meaningful impact on the decision to save Diablo Canyon, please use the comment box below to send us a private message.]
With an August 3rd tweet, filmmaker Oliver Stone announced the premiere of his latest documentary, Nuclear: Time to Look Again, at the Venice Film Festival on September 9th. We are looking forward to its release. Along with the promotional image shown above, Stone attached a brief written statement which reads:
I've been working on this for almost two years with the enormous help of Joshua Goldstein, coauthor of "A Bright Future." By now, I'm sure you know that this is an argument in favor of nuclear energy as the realistic solution to the gulf we now face in the production of clean energy for our continuing existtence here on the planet Earth. This is an energy that will not only save the planet but allow us to thrive upon it. And although it's long regarded in popular culture as dangerous, it is, in fact, far safer than coal, oil, and gas. The documentary, at 1-hour-45-minutes, gets into the details but it doesn't sink into all the petty arguments that the anti-nuclear crowd throws at it. Renewables like wind and solar work to a limited degree, but by now, we should know they don't come close to fixing the problem alone — — which is why the fossil fuel companies support renewables. Because they inevitably require large amounts of methane gas to ensure their reliability.
I believe this is the greatest story of our time. We must use science and our brains to overcome this ultimate challenge given to us by nature.
We'll be making the film more and more available on domestic platforms as we get closer to its release.
We will be planning events around film-screenings of #Nuclear in the coming weeks. If you are interested in attending a screening event, please sign up here and we will send you a notification.
Rod Adams explains his historic motivations for choosing to join with Valerie Gardner to form Nucleation Capital and devote himself to the difficult and demanding task of investing in the under-appreciated and often under-funded entrepreneurs and innovators working to bring nuclear energy into the 21st Century. This page appeared in the print edition of the August Nuclear News magazine.
Rod Adams explains why the lack of recent construction experience in the U.S. and the massive size of the Gen III nuclear power plant design, contributed to the excess costs and delays in building these types nuclear power plants. In contrast, Gen IV designs will be smaller with pre-fabricated components and allow for more rapid builds and learning through repetition.
The Assay is a media project of the 121 Group, based in Hong Kong, that serves investors, fund managers and analysts who are involved with and/or investing in a wide range of mining ventures. As part of their efforts to bring a greater understanding of the complex markets that control the prospects of mining ventures, The Assay TV produces a video series with CEO interviews from all over the world. On February 16, Adam Thompson hosted Rod Adams in a wide-ranging conversation about nuclear energy, uranium and the emergence of advanced nuclear designs in the coming years. This is the beginning of an exploration of the growing concerns about where and how the advanced nuclear sector will secure their projected fuel supplies and the impact of the growth of SMRs and Gen IV development on uranium miners.
You can watch this interview with Rod by clicking on the above video or on YouTube here.
Rod Adams, managing partner of Nucleation Capital, speaks with Isaac Orr, a policy fellow at the Center of the American Experiment and founder of Nuclear Barbarians. Isaac and Rod's conversation features a fascinating discussion with Rod Adams, who explains the origins of his interest in nuclear energy as a young naval recruit. The podcast details the rise and fall of nuclear power as a means of generating civilian power and gives us all some insight into what may be next for this energy source.
Please click the above video to enjoy the show or click here to go directly the Nuclear Barbarians site.
Rod Adams, managing partner of Nucleation Capital, speaks with Chris Keefer, an emergency physician, medical instructor, nuclear energy activist, and the host of Decouple. Chris and Rod focus on the health impacts of nuclear energy, in particular radiation dosage and the impacts of the application of the Linear Non-Threshold theory (LNT), which effectively deems any amount of radiation to add health risk. Please click the above podcast link to listen to "Means, Motive, Opportunity: Fossil Fueled Radiophobia feat," or head over to Anchor at Spotify to download and subscribe to the Decouple podcast.
Christine King, an integral member of the Nucleation Capital fund development team, was selected to serve as the director of the Gateway for Accelerated Innovation in Nuclear (GAIN) initiative, effective February 17, 2020. As director, Ms. King will lead efforts on behalf of the Department of Energy (DOE) Office of Nuclear Energy to provide the nuclear community with access to the technical, regulatory and financial support necessary to move innovative nuclear energy technologies toward commercialization. We will miss her but we congratulate Christine and wish her extremely well in her exciting new role.
The Nucleation Capital fund development team was organized and launched by Valerie Gardner in early 2018 as an initiative of Tiemann Investment Advisors LLC, a Menlo Park-based investment advisory group, after identifying the growth prospects for private ventures developing advanced nuclear technologies. Valerie first connected with Rod Adams, founder of Atomic Insights, in March of 2018 after he published a blog post titled "Advanced nuclear energy systems are ready for investors who seek ground floor opportunities," in late February, 2018. Valerie and Rod's first legendary conversation lasted almost four hours. They agreed to work together and set about methodically growing the team and assessing structural options for "developing mechanisms for investors with moderate resources and long time horizons to focus part of their portfolio in this potentially high payoff field."
The group, initially operating in stealth as the Einstein Energy Fund, grew to include Valerie Gardner, Rod Adams, Dr. Leslie Dewan, Rick DeGolia, Christine King, William Lewis, Carl Page and Dr. Jonathan Tiemann. They recognized that there was a gap in the availability of funds investing in next-generation nuclear power and other critical climate solutions including carbon capture, utilization and sequestration (CCUS) but a surplus of funds investing in wind, solar, geothermal, energy efficiency and other types of "renewable energy." In early 2019, the team renamed itself Nucleation Capital and began outreach on its pronuclear thesis to institutional LPs. Unfortunately, while there were a handful of foundations and endowments intrigued enough to meet, there were no institutions willing to anchor the fund. By the end of 2019, the team had not found a pathway for launching a viable fund and things slowly began to deconstruct.
First, Christine King accepted her position with the DOE at GAIN. Soon after, Covid-19 hit and Bill Lewis opted to devote his time to addressing Covid and saving lives. Soon after, Rick DeGolia, who had been elected mayor, became too busy to meet. The team was forced to minimize in-person meetings and progress quickly stalled, as Dr. Dewan and Carl Page opted to prioritize other commitments. For most of 2020, it appeared that there was no viable structure for raising capital to deploy into advanced nuclear, as the only investor interest was coming from accredited investors, rather than institutions. It wasn't until the 4th quarter of 2020, that Rod and Valerie discovered the Angellist rolling fund structure, which enabled them to raise smaller dollar amounts from greater numbers of accredited investors cost-effectively, and invest what they raised each quarter. They signed an LOI to float their fund on the Angellist platform and began raising capital. Nucleation Capital closed its first investment into Core Power in Q3-2021. The fund has continued to raise and deploy capital each quarter since.
Rod Adams, managing partner of Nucleation Capital, speaks with Bret Kugelmass, founder of Titans for Nuclear and the Energy Impact Center on the 208th episode of the Titans of Nuclear podcast. Bret and Rod have a far-ranging conversation that covers Rod's childhood interest in nuclear energy (1.55 mins); Rod's experiences in the Navy, living next to a nuclear reactor (9:02 mins) and Rod's early endeavor to launch an advanced nuclear venture called Adam's Atomic Engines (33:45 mins). Please click the above video to enjoy the show.
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