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Published by: Columbia CaseWorks, Columbia Business School
Originally published in: 2023
Version: August 4, 2023

Abstract

In the landscape of low carbon sources of energy, nuclear power stands out as an option that has generated increasing attention and capital investment. Since 2001, nuclear energy production has been in decline, though Clean Core Thorium Energy, led by Mehul Shah, is one of the companies that is bringing nuclear back to the forefront. Founded in 2017, Clean Core is a nascent player in an industry that has a poor reputation among investors. As Shah and his team think about building out the business, they must consider not only the typical competitive pressures of creating a new company but also the unique challenges of nuclear power - safety, waste management, and cost overruns among them. On top of all this, in the wake of the Russia-Ukraine War, more conversations are happening than ever before about reducing the dependence on imported natural gas.

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Time period

The events covered by this case took place in 2023.

Featured company

Clean Core Thorium Energy

Featured protagonist

  • Mehul Shah (male), CEO

About

Abstract

In the landscape of low carbon sources of energy, nuclear power stands out as an option that has generated increasing attention and capital investment. Since 2001, nuclear energy production has been in decline, though Clean Core Thorium Energy, led by Mehul Shah, is one of the companies that is bringing nuclear back to the forefront. Founded in 2017, Clean Core is a nascent player in an industry that has a poor reputation among investors. As Shah and his team think about building out the business, they must consider not only the typical competitive pressures of creating a new company but also the unique challenges of nuclear power - safety, waste management, and cost overruns among them. On top of all this, in the wake of the Russia-Ukraine War, more conversations are happening than ever before about reducing the dependence on imported natural gas.

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Settings

Time period

The events covered by this case took place in 2023.

Featured company

Clean Core Thorium Energy

Featured protagonist

  • Mehul Shah (male), CEO

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