Hennessy Capital Investment Corp. Vii · NASDAQ:HVII
Hennessy Capital Investment Corp. Vii — ONE Nuclear Energy — SPAC Merger (April 2026)
42 slides from Hennessy Capital Investment Corp. Vii's SPAC merger presentation, Apr 1, 2026
Slide 1: Energy Solutions Developer, Owner and Operator: Fast-Track Gas and Advanced Nuclear Power
Energy Solutions Developer, Owner and Operator Fast-Track Gas and Advanced Nuclear Power April 2026 HVII / ONE Nuclear Investor Presentation
Slide 2: Disclaimer & Forward–Looking Statements
Disclaimer & Forward–Looking Statements This presentation (together with oral statements made in connection herewith, this “Presentation”) and information, including financial information, contained herein are subject to change, are provided for informational purposes only and are provided to assist
Slide 3: Disclaimer & Forward–Looking Statements (cont.)
Disclaimer & Forward–Looking Statements (cont.) Use of Projections This Presentation contains projected operational and financial information, including revenue, pipeline opportunities and capacity, individual site capacities, and site economics, including revenue, costs, profit, profit margin, EBIT
Slide 4: ONE Nuclear / HVII Team
ONE Nuclear / HVII Team ONE Nuclear Energy LLC Richard Taylor Robert Carilli Kevin Dowd Co-Founder, Chairman, Co-Founder, Co-Founder, Chief Executive Officer Chief Strategy Officer Chief Operating Officer Hennessy Capital Investment Corp. VII (Nasdaq: HVII) Dan Hennessy Tom Hennessy Chairman, Presid
Slide 5: Investment Highlights
Investment Highlights Large Addressable Market with Robust Demand Structural tailwinds fueled by Hyperscaler demand, AI datacenter growth, regulatory environment and rising global energy needs Differentiated Platform with Three Development Sites Three development sites with potential first power in
Slide 6: Transaction Overview
Transaction Overview Business Combination ▪ Hennessy Capital Investment Corp. VII (“HVII”) and ONE Nuclear Energy, LLC (“ONE Nuclear”), a fully-integrated independent developer of large-scale energy solutions powered by natural gas and advanced nuclear small modular reactor (SMR) technologies, inten
Slide 7: Agenda
Agenda I. ONE Nuclear Overview II. Site Selection III. Transaction Overview IV. Appendix Investor Presentation | April 2026 7
Slide 8: ONE Nuclear's mission is to deliver solutions to meet rapidly growing energy demand
ONE Nuclear’s mission is to deliver solutions to meet rapidly growing energy demand with a fast-to-market and fully integrated platform to develop, own and operate utility-scale natural gas and advanced nuclear power generation Investor Presentation | April 2026 8
Slide 9: Macro Tailwinds Driving Behind-the-Meter Power Demand
Macro Tailwinds Driving Behind-the-Meter Power Demand Selected headlines reinforcing the structural demand thesis for behind-the-meter power generation 2,300 GW ~2x–3x 4+ Years U.S. Interconnection Queue Backlog Domestic Data Center Power Demand by 2028 Avg. Grid Connection Lead Time (LBNL ‘ Queued
Slide 10: Integrated Develop-Own-Operate Model with Strategic Relationships
Integrated Develop-Own-Operate Model with Strategic Relationships ONE Nuclear’s goal is to deliver GW scale fast-track and competitive baseload power solutions, thereby creating a platform for reliable nuclear SMR powered energy parks to grow with customers, sites and technologies Scope of Services
Slide 11: ONE Nuclear's Portfolio Overview & Capabilities
ONE Nuclear’s Portfolio Overview & Capabilities(1) ONE Nuclear’s Priority Site Portfolio 3 75+ 10 Identified Operational Sites Potential Priority Sites 3 2028 Projected First Revenue from Development Sites 2 Early Gas-Gen Set ~1.0GW 1 ~15GW+ HQ Estimated Power Online by Pipeline of Hybrid Nuclear an
Slide 12: Seasoned Team Experienced in Leading Successful Energy Businesses
Seasoned Team Experienced in Leading Successful Energy Businesses The ONE Nuclear team possesses extensive experience in nuclear and energy solutions, specializing in the intersection of design, operations, regulatory frameworks, government relations, and public market dynamics Richard Taylor Robert
Slide 13: World-Class Advisory Board with Nuclear, Governmental and Regulatory Expertise
World-Class Advisory Board with Nuclear, Governmental and Regulatory Expertise The ONE Nuclear team is supported by an outstanding advisory team with deeply relevant nuclear, governmental, and regulatory experience Joseph Gruters Margo Black Chris LaCivita Slater Bayliss Dr. Robert Hayes Advisor Adv
Slide 14: ONE Nuclear's Business Summary
ONE Nuclear’s Business Summary Delivering solutions to meet rapidly growing energy demand with a fast and fully integrated platform to develop, own and operate utility-scale natural gas and nuclear SMR power generation First Three Development First three development sites identified (East Texas, New
Slide 15: Priority Pipeline: First Three Development Sites
Priority Pipeline: First Three Development Sites 3 75 + Candidate Sites Under Evaluation Sustainable Industrials Energy Fuels Top 10 Priority Sites 2 AI Defense 1 HQ First Three Sites Utilities Data Centers #1 East Texas(1) #2 New Mexico(2) #3 Washington(1) 1. East Texas(1) Development site of Devel
Slide 16: Early Revenues From Fast-Track Natural Gas Power Generators De-Risk the Business
Early Revenues From Fast-Track Natural Gas Power Generators De-Risk the Business To meet immediate data center demand for power, and to bridge the period until SMR deployment, ONE Nuclear plans to install GW scale natural gas generation capacity to provide power output and revenues ahead of nuclear
Slide 17: Multi-Technology Strategy
Multi-Technology Strategy ONE Nuclear has evaluated the following nuclear SMR technologies for inclusion in energy park projects Technology Vendor Reactor Type Fuel Power Output (MWe)(1) Generation PWR LEU 470 Gen 3+ BWR LEU 300 Gen 3+ iPWR LEU 330 Gen 3+ HTGR HALEU 80 (per module) Gen 4 SFR HALEU 3
Slide 18: Powerful Strategic Relationship with Global Integrated Energy Leader
Powerful Strategic Relationship with Global Integrated Energy Leader ONE Nuclear’s strategic relationship brings access to energy markets, trading and customer solutions Scope of Services Global Integrated Energy Leader Top 5 Power Retailer in the U.S. PPAs Extensive customer base: 5,000+ C&I custom
Slide 19: Execution & Operating Capability
Execution & Operating Capability ONE Nuclear will be supported by Futureworx and Black & Veatch to accelerate SMR deployment and provide EPC services, supporting regulatory compliance, project execution, and supply chain management Black & Veatch Futureworx Licensing & Environmental Strategy Strateg
Slide 20: Pursuing JV with Quadrant Nuclear Industries
Pursuing JV with Quadrant Nuclear Industries to Create Operations Services Capability ONE Nuclear and Quadrant Nuclear Industries (QNI) intend to form a joint venture with the objective of providing turnkey workforce training and operations services initially for ONE Nuclear’s respective SMR project
Slide 21: Agenda
Agenda I. ONE Nuclear Overview II. Site Selection III. Transaction Overview IV. Appendix Investor Presentation | April 2026 21
Slide 22: ONE Nuclear Actionable Sites
ONE Nuclear Actionable Sites LOI(1) Target Site Criteria New Mexico Site • Exclusive gas developer: 1 GW capacity until Q3 2026 ✓ Robust interconnection options • Potential for up to 10 GW long-term development • JDA & 5% equity swap in negotiation ✓ Large-scale data center demand LOI signed March 5
Slide 23: Development Site #1: East Texas
Development Site #1: East Texas 1,600-Acre, Multi-GW Power Campus in ERCOT Targeting Near-Term Gas Generation Online by 2028 Key Strategic Highlights Fiber & Data Access: • Multiple Tier-1 Carriers: Zayo, Lumen and AT&T • Dark Fiber Backbone: The facility will feature a dark fiber backbone, which pr
Slide 24: Development Site #2: New Mexico Site
Development Site #2: New Mexico Site ONE Nuclear has obtained exclusivity via an executed non-binding LOI to develop an initial 1 GW of natural gas generation on a quality ~6,000-acre site in New Mexico, with phased expansion potential to 10 GW Key Strategic Highlights Aligned Partnership • Clear di
Slide 25: Development Site #3: Washington Site
Development Site #3: Washington Site Executed an MoU for the development of a site spanning approximately 7,200 acres of industrial land, one of the largest contiguous development zones in the Pacific Northwest Key Strategic Highlights Unprecedented Scale & Infrastructure Advantage • ~7,200 acres of
Slide 26: Robust Development Pipeline for Gas and Nuclear Projects: Up to 15 GW by 2033
Robust Development Pipeline for Gas and Nuclear Projects: Up to 15 GW by 2033 ONE Nuclear has a path to timely deployment of power with the ability to kickstart each site with low-carbon gas power before SMRs come online Cumulative Pipeline of Gas and Nuclear Capacity Over Time First revenues expect
Slide 27: Estimated Project Development Timeline: Illustrative 1GW Gas Energy Park
Estimated Project Development Timeline: Illustrative 1GW Gas Energy Park Multi phase delivery approach offers potential for rapid ramp rate of early power and options for later power delivery tranches Phase 0 Phase 1 (+200MW) Phase 2-5 (+800MW) Final Investment Commissioning of System Integration &
Slide 28: Estimated Year One Site Economics: Illustrative 1GW Gas Energy Park
Estimated Year One Site Economics: Illustrative 1GW Gas Energy Park1 Based on assumed market-standard PPA terms and a LCOE of ~$60-80/MWh , ONE Nuclear estimates possible returns of ~50%+ EBITDA margins ($ Millions) ~73% Site Margins ~59% $616 EBITDA $165 Margins ~50% Cash Margins $451 $90 $1 $361 $
Slide 29: Estimated CapEx Schedule: Illustrative 1GW Gas Energy Park
Estimated CapEx Schedule: Illustrative 1GW Gas Energy Park1 Pre-FID equity commitment estimated at $20-50M; post-FID capital expenditures are anticipated to be primarily financed via non-recourse project debt backstopped by contracted PPA revenues Pre-FID Development Post-FID: 1GW Phased Deployment
Slide 30: Agenda
Agenda I. ONE Nuclear Overview II. Site Selection III. Transaction Overview IV. Appendix Investor Presentation | April 2026 30
Slide 31: Valuation
Company Positioning vs. Peers Valuation Benchmarking Private Power & Data Center SMR Technology Infrastructure Company Pre- Pre- Generating Pre- Pre- Pre- Pre- Pre- Stage Commercial Commercial Revenue Commercial Commercial Commercial Commercial Commercial SPAC IPO IPO SPAC SPAC IPO SPAC SPAC Public
Slide 32: Illustrative Business Combination Framework
Illustrative Business Combination Framework Illustrative Sources & Uses Illustrative Pro Forma Valuation | Ownership(4-7) Sources ($M) Uses ($M) Valuation ($M) Equity Consideration to Share Price ($ per share) $10.37 6% ONE Nuclear Rollover $1,000 ONE Nuclear Equity $1,000 Holders 17% Shares Outstan
Slide 33: Agenda
Agenda I. ONE Nuclear Overview II. Site Selection III. Transaction Overview IV. Appendix Investor Presentation | April 2026 33
Slide 34: Criteria for Site Analysis
Criteria for Site Analysis ONE Nuclear uses a proprietary site screening tool and trusted relationship network to identify and develop a robust pipeline of optimal sites for its energy park projects Fuel Cycle & Logistics Infrastructure & Support • HALEU supply contracts and enrichment options • Exi
Slide 35: Glossary of Terms
Glossary of Terms Key Term Definition Boiling Water Reactor (BWR) A type of nuclear reactor that uses heat from nuclear fission to directly boil water into steam, which then drives a turbine generator to produce electricity Capacity Factor The percentage of a power plant’s maximum output that it pro
Slide 36: Risk Factors
Risk Factors No Operating History 1. The Company is an early-stage company in an emerging market with an unproven business model, access to a new and unproven technology model and no operating history or historical revenue, and the Company faces execution risk across all major components of its busi
Slide 37: Risk Factors (cont.)
Risk Factors (cont.) Corporate Governance & Shareholder Rights 1. If any legitimate cause of action arose which was successfully prosecuted against the Company, it could have a material adverse effect on the Company’s business, financial condition and results of operations. In addition, settlement o
Slide 38: Risk Factors (cont.)
Risk Factors (cont.) Liquidity, Capital, and Financing 1. The Company’s business plans will require it to raise substantial additional amounts of capital to support its operations and implementation of its growth plans. Future capital needs will require the Company to sell additional equity or debt
Slide 39: Risk Factors (cont.)
Risk Factors (cont.) Supply Chain & Construction 1. The Company may experience a disproportionately larger impact from inflation and rising costs. Although the impact of material cost, labor or other inflationary or economically driven factors will impact the entire nuclear and energy transition ind
Slide 40: Risk Factors (cont.)
Risk Factors (cont.) Regulatory Compliance & Government Oversight 1. The technology the Company plans to utilize requires regulatory approvals, and policies around the handling and use of radioactive materials that affect regulatory requirements, processes and the ability to regulate these technolog
Slide 41: Risk Factors (cont.)
Risk Factors (cont.) Market Demand & Public Perception 1. Federal budget delays, federal debt ceiling limitations or reductions in government spending could adversely impact government spending for the products and services the Company provides. 2. The cost of electricity generated from natural gas
Slide 42: Energy Solutions Developer, Owner and Operator: Fast-Track Gas and Advanced Nuclear Power
Energy Solutions Developer, Owner and Operator Fast-Track Gas and Advanced Nuclear Power April 2026 HVII / ONE Nuclear Investor Presentation