It was our honor to welcome His Excellency Mohamed Al Hammadi, Managing Director and CEO of the Emirates Nuclear Energy Company (ENEC) and Chairman of the World Nuclear Association (WNA), along with Dr. Sama Bilbao y León, Director General of the WNA. H.E. Al Hammadi has served as CEO since 2008 and has led  ENEC in successfully delivering the UAE Peaceful Nuclear Energy Program, focusing on the implementation of the highest national regulations and international standards of safety, security, quality, transparency and non-proliferation in civil nuclear energy. Prior to joining ENEC, Al Hammadi was General Manager of the UAE Federal Electricity and Water Authority and has over two decades of experience in the power transmission utility sector. Dr. Bilbao y León became Director General of the WNA in 2020 and has had an extensive career in nuclear, with over 20 years of experience in nuclear engineering and energy policy, serving in industry, academia, and international organizations. We were thrilled to host Al Hammadi and Dr. Bilbao y León ahead of this week’s 50th Annual World Nuclear Symposium in London (agenda linked here) and to hear their perspectives on the UAE’s nuclear success story and the broader global nuclear energy outlook.
 
In our conversation, we explore the UAE’s Barakah Nuclear Power Plant project and its record-setting progress as a global example for new nuclear programs, trends in rising power needs from hyperscalers and opportunities for nuclear energy to provide reliable baseload electricity for data centers and AI infrastructure, and the growing political, public, and financial acceptance of nuclear energy. We discuss the geopolitical and economic impacts of nuclear development, including national energy security, economic diversification, and industrial competitiveness, the UAE’s willingness to share expertise in project management, legal frameworks, and contracting models, and the growing interest in nuclear from Southeast Asian nations, Central Asia, and Africa. Dr. Bilbao y León previews the upcoming World Nuclear Symposium, designed as an action-oriented, working conference with key themes including making nuclear projects bankable and advancing financing frameworks, and featuring attendees from governments, investors, hyperscalers, manufacturers, and legal and financial sectors. We cover lessons learned from the UAE’s Barakah Plant, including the benefits of building multiple units, standardizing processes, and investing in talent and supply chains, the need for manufacturing capacity, skilled labor, and legal and financial expertise to enable large-scale nuclear deployment, and the advantages of global nuclear partnerships. Al Hammadi shares insights on the evolution of the UAE’s nuclear vision, the role of rigorous planning and standardization in driving efficiency gains, the balancing of government and private capital that enabled Barakah’s on-time and on-budget delivery, and strategies for applying the UAE’s expertise, frameworks, and contracting models to help other regions meet surging energy demand. We also cover the critical importance of rebuilding talent in energy infrastructure, Europe’s shift from decarbonization at any cost to balancing affordability and energy security, nuclear as a national security and grid resilience tool, the need for global collaboration to accelerate nuclear deployment, and the importance of advocacy, education, and encouraging nuclear adoption and awareness. It was a fascinating discussion and we want to sincerely thank Al Hammadi and Dr. Bilbao y León for joining us.
 
Mike Bradley opened the show by noting that two weeks ago, markets were trading sideways in “anticipation” of Chairman Powell’s Jackson Hole speech and subsequently rallied to previous highs after Chairman Powell surprised markets with a modestly dovish tone. He observed that last week, markets were trading