Small modular nuclear units (SMRs) have been in use in the US for 50 years on navy submarines and carriers; the technology is not new and has been proven, according to a leading technology investor. Kurt Scherer, the Managing Director of C5 Capital, says what is new “is the vision to take this and put it in a reactor that can service our cities, our people, and can replace coal plants.”

Small modular nuclear units, like the one developed by X-Energy—a company that C5 Capital invested in—offer a solution to the world’s future energy needs, Scherer told National Security News in an interview.

On the growth potential of the space industry, Scherer said a new era of private space exploration is set to take off. The private space market, he said, is “expected to grow four or five times its current size in the next eight to ten years.”

With space debris being a significant concern for the safety of space missions, Scherer emphasised the importance of regulations in space.

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