Heatmap News · Climate & Energy · September 2026
Webb runs The Nuclear Company, which is restarting the abandoned VC Summer site in South Carolina. Robinson Meyer asked what Washington still needs to do to get reactors built at 1970s scale, and Webb's answer was that the levers already exist and the industry should stop blaming the NRC. Earlier in the episode he called the decision not to keep building nuclear possibly the worst policy decision in the country's history.
Okay, you touched on the environmental thing. I'm going to say it. I grew up in Kentucky, but I love nature. I walk around in creeks. I grew up this way. The worst thing we did as a country, and I don't know why we got here, I don't know if it was fossil fuel lobbies. I don't know if it was just voodoo fear and panic of celebrities who were scared of nuclear, but had no idea what they were talking about. I don't know if it was environmental, but my goodness, maybe the worst industrial policy that's ever happened in this country. I might argue it could end up being one of the worst policy decisions in the history of this country was not continuing to build nuclear. The fact that we have a 20% of our grid comes from nuclear power, and the fact that we've only built two reactors in 30 years, we're living off of our grandparents who built one-fifth of our grid. And we shut that down. My goodness, had we kept building and the amount of abundant power we would have and how low cost it would have been, I would argue probably the worst. I'm very biased. I live my life every day, so I see it through one lens of the world. But abundant, reliable, low-cost power enables civilizations since the dawn of fire. And I would argue this will be the singularly most critical issue that this country's had that has allowed China to now beat us and potentially become the largest economy and certainly the largest energy producer in the world.
So I think one of the interesting things about this moment is that there's bipartisan interest in nuclear. I mean, I think there was interest from the Biden administration, and I think there's been programs from the Trump administration. And one of those big programs has been this effort from the Energy Department to subsidize, help organize and back the creation of 10 new reactors across the country. How is that effort going to the degree you can speak about it? And kind of what needs to happen from on the government side to build nuclear at, let's just say, the scale that the country was doing it in the 1980s and late 1970s.
Maybe it's an unpopular opinion, a popular opinion. I have no idea. Try not to pay attention too much, just do my job. But I would say I have no idea what else Washington, D.C. can do for this community. The private sector needs to get a backbone and deliver. There are more than enough levers on the left side, on the right side, with this administration, with the last administration. To me, the private sector making excuses about the regulator is just unconscionable. We have the safest nuclear in the world. No one in this country has ever been negatively impacted by nuclear power. Three Mile Island is our biggest incident where no casualties. The technology failed exactly the way it should. We have a great regulator. We have great operators. So, I mean, where we do need to turn our attention is what we do do right here, which is we have the absolute best nuclear operators in the world, the safest nuclear operators in the world. But my goodness, when it comes to getting out in the field and building, we have to empower workforce. We have to organize teams of people. We have to utilize technology to enable those teams of people. And we have to go deliver. We need to compete with the other sources of electricity on pricing. And that's it. There's infinite supply and demand for the electrons. More than enough people will buy the power. There's more than enough capital to fund the projects. Sector needs to sign up to a budget and a schedule and go deliver. That's it. But yeah, I would love to see more support in DC. There's a lot of support now. I hope the support continues, but they've done more than enough to ignite the industry and we need to go deliver. It's on the private sector.
Let's talk about delivery then. So I think you guys are working with Brookfield in South Carolina on this old plant, VC Summer. The local utility spent billions of dollars about a decade ago to get a plant up and running in this site in South Carolina and didn't get it done. In fact, I think it went bankrupt trying to get it done. Ultimately, that site has kind of sat fallow as this extremely over budget project in Georgia ultimately did reach completion. That was Vogel. You've now gone back into VC Summer with, I think, Brookfield. How is that going? And what's going to be different about it this time?
Well, I don't take lightly the privilege yet obligation that the state of South Carolina and the people of South Carolina and candidly every stakeholder involved that have given us the right and opportunity to be there. We have about 40, 50 people on site at VC Summer right now and every day we're there. People ask me, when does construction start? I mean, for me, I'm the type of person that construction starts the moment you put your feet on soil and you're planning way in advance. So there's a Gantt chart with a schedule and all these milestones and, you know, when officially FID to COD. But I can tell you our team is taking it very seriously. And I mean, you had $9 billion spent. It's been sitting there since 2018. It was hard enough to finish in the first place. And now we're stepping back in midstream to go finish it. And we owe it to the state of South Carolina and the community there to get these units up and running. It's not that we have a Westinghouse company or an AP1000 company. It's that we just believe that if the country is going to go deliver on this promise of gigawatts, micro, small, large, whatever it may be, we got something to finish. And it's to prove to not only the U.S. and the industry, but around the world that if we start something, we're going to get it done. And so I think we've developed a unique approach that we're bringing to this project, but it's going to be results driven. We're going to have to deliver a budget and a schedule, and everyone in the world's going to see that.
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