Nuscale Power Corporation · NYSE:SMR
Nuscale Power — Q4 2024 Earnings Presentation
12 slides from Nuscale Power's earnings presentation, Mar 3, 2025
Slide 1: NuScale Power Fourth Quarter and Full Year 2024 Earnings Presentation
NuScale Power Fourth Quarter and Full Year 2024 Earnings Presentation March 2025 NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.
Slide 2: Forward-Looking Statements
2 Forward-Looking Statements This presentation may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," “anticipates,” "plans" or other similar expressions). These forward-looking statements includ
Slide 3: RoPower FEED Phase 2 Project Progress
3 RoPower FEED Phase 2 Project Progress ▪ Project Overview: Drilling Cores to Characterize the Doicești Site for Seismology1 • Location: Former coal plant site in Doicești, Romania • Scope: RoPower is considering a 6-module SMR plant, generating 462 MW of installed capacity ▪ NuScale FEED Phase 2 Ke
Slide 4: Uniquely Primed for Near-Term Deployment
4 Uniquely Primed for Near-Term Deployment ▪ Unparalleled Regulatory Success • NuScale is the only SMR technology with U.S. Nuclear Regulatory Commission (“NRC”) design certification • Standard Design Approval for 77MW uprate remains on track for mid-2025 completion ▪ Industry-Leading Manufacturing
Slide 5: Manufacturing Readiness Supports Critical Path Deployment Schedule
5 Manufacturing Readiness Supports Critical Path Deployment Schedule Control Rod Drive Mechanism Prototypes Simulate Long Lead Materials Forging1 Plant Operating Conditions1 1. Source: Doosan Enerbility NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.
Slide 6: Well Positioned to Capitalize on Urgent Energy Needs from Data Centers
6 Well Positioned to Capitalize on Urgent Energy Needs from Data Centers ▪ Energy demand is accelerating across sectors: U.S. Power Demand to Increase ~6x in Next 20 Years vs Past Twenty Years1 • Data centers driven by their 24/7 load requirements Thousand Terawatt Hour (TWh) • Reshoring of manufact
Slide 7: Intermittency of New Energy Supply Highlights Need for Nuclear
7 Intermittency of New Energy Supply Highlights Need for Nuclear U.S. 2025 Planned Capacity Additions1 PJM Generation Interconnection Queue2 Solar 32 GW Battery 16 GW Hybrid 30 GW3 Battery 45 GW Natural Gas 8 GW 62 GW Natural Gas 5 GW Solar 92 GW 208 GW Other >0 GW Other >0 GW Wind 9 GW Wind 33 GW C
Slide 8: Broad Customer Interest in NuScale Technology
8 Broad Customer Interest in NuScale Technology Power Grid Enhancement Energy Transition Opportunities Opportunities Grid Data Centers Carbon Capture Coal Plant Resiliency & AI & Sequestration Replacement NuScale Power ModulesTM (“NPM”) Solutions to support Our technology can 40% of remaining are no
Slide 9: NuScale's Advantages in Commercial Scale Carbon-Free Hydrogen Production
9 NuScale’s Advantages in Commercial Scale Carbon-Free Hydrogen Production ▪ NuScale technology enables proximity to facility, eliminates hydrogen transportation costs and provides carbon-free dedicated sources of hydrogen with high-capacity factors • Flexible operation and load following provide tr
Slide 10: Key Financial Themes
10 Key Financial Themes ▪ Significant improvement in 2024 cash position driven by capital markets activities, substantially reduced operating expenses and payments for activities in support of Fluor's FEED Phase 2 contract to RoPower Doicești power plant ▪ NuScale’s average quarterly operating expen
Slide 11: Capitalization Summary
11 Capitalization Summary1 Share Type Amount Description Class A Shares 122.8M NuScale Power Corporation Class A shares NuScale Power Corporation Class A shares issuable upon the exchange of Class B Shares 154.3M one Class B share and one NuScale Power, LLC Class B unit Total Shares Outstanding 277.
Slide 12: NuScale Power Fourth Quarter and Full Year 2024 Q&A Session
NuScale Power Fourth Quarter and Full Year 2024 Q&A Session March 2025 NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.