Hennessy Capital Investment Corp. Vii · NASDAQ:HVII
Hennessy Capital Investment Corp. Vii — ONE Nuclear Energy — StoneX Nuclear Innovation Summit 2026
31 slides from Hennessy Capital Investment Corp. Vii's conference presentation, Sep 23, 2026
Slide 1: Fast, firm power: gas first, nuclear next
ONE nuclear Fast, firm power: gas first, nuclear next Richard Taylor Co-Founder, Chairman and CEO ONE Nuclear Energy StoneX Nuclear Innovation Summit September 22, 2026
Slide 2: Disclaimer & Forward-Looking Statements
Disclaimer & Forward-Looking Statements ONE nuclear Disclaimer 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
Slide 3: Disclaimer & Forward-Looking Statements (cont.)
Disclaimer & Forward-Looking Statements (cont.) ONE nuclear Forward Looking Statements This Presentation contains forward-looking statements, including but not limited to statements regarding our expectations, beliefs, intentions, strategies, and projections. ll statements other than statements of h
Slide 4: Disclaimer & Forward-Looking Statements (cont.)
Disclaimer & Forward-Looking Statements (cont.) ONE nuclear Participants in the Solicitation The SPAC, ONE Nuclear and their respective directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitations of pr
Slide 5: ONE develops fast, firm power for AI: gas first, nuclear next
ONE develops fast, firm power for Al: gas first, nuclear next ONE Executive summary: ONE develops, owns and operates power campuses beside the load, with a 10+ GW pipeline nuclear 10+ GW: 3 ~5 GW 50+ GW of identified projects across six lead development projects in three Louisiana platform (gas, sto
Slide 6: Leaders who have built energy platforms and listed companies
Leaders who have built energy platforms and listed companies ONE Six executives and four independent director nominees with development, utility and capital-markets depth nuclear ( ) f > y D & Richard Taylor Kevin Dowd Robert Carilli Coen Weddepohl Ann Anthony Chris Hansmeyer Co-Founder, Chairman Co
Slide 7: Behind-the-meter is the fastest route to power: a ~$170bn market
Behind-the-meter is the fastest route to power: a ~$170bn market BTM plants deliver in 1to 2 years compared with 3 to 8 years on the grid, and the build-out has barely begun ~85 GW: of BTM generation by 2036 in the base case for the US economy ~$55bn a year of power sales at maturity ~45% ayear grow
Slide 8: Value accrues to whoever delivers firm power fast, under contract
Value accrues to whoever delivers firm power fast, under contract ONE Power is ~7% of Al data-center cost: but gates 100% of its revenue, so buyers pay for speed and certainty nuclear Per GW of Al data center, per year (Sbn) Margins across the Al value chain Compute revenue (2025 contracts) $11.6bn
Slide 9: ONE targets first power months after notice to proceed
ONE targets first power 18 months after notice to proceed ONE Behind-the-meter campuses skip the interconnection queue; modular engines avoid the gas-turbine backlog nuclear Months to first power >5 years: median wait from grid-connection request to operation 116 GW: GE Vernova gas-turbine backlog a
Slide 10: Reliability is engineered into every layer of the campus
Reliability is engineered into every layer of the campus Spare engines, fast storage and two independent distribution paths are designed to a 99.99%+ availability target BERR Ree LETT i running unit N+2: spare generating units beyond peak need 1 spare unit Ss Storage batteries and power electronics
Slide 11: One integrated platform from site to power, owned long term
One integrated platform from site to power, owned long term ONE ONE secures the inputs, builds and runs the campus, and sells firm power under long-term contracts nuclear What ONE secures Who ONE serves, and how it earns ONE power campus Site and permits Developed, built, owned and ed by 0 Hyperscal
Slide 12: Gas engines are the foundation: fast, modular, redundant
Gas engines are the foundation: fast, modular, redundant ONE How the three gas technologies compare on what matters for an islanded Al campus nuclear Unit size 2.5 to 19 MW 36 to 57 MW 384 to 453 MW (simple cycle) 5 , 10 to 30 minutes; about 27 minutes or more in Start to full output 45 seconds to 2
Slide 13: Each technology does the job it does best
Each technology does the job it does best ONE A multi-technology park combines them, so no requirement is traded against another nuclear Power in about two years O O ee08@ e eee Follow sub-second Al swings ee ee @ e000 ee Cover a unit trip (N+2) @@@ eee e) e080 e ee Black start with no grid eee ee e
Slide 14: Few developers offer every technology; ONE is one of them
Few developers offer every technology; ONE is one of them ONE Vendor-neutral nuclear plus gas and storage on one campus, under one contract, is what large-load customers ask for nuclear Several reactor Gas power Storage and Owns and Developer vendors first other operates Why a data center cares Powe
Slide 15: U.S. nuclear projects are moving, from restarts to new builds
44 U.S. nuclear projects are moving, from restarts to new builds Publicly announced projects with a disclosed site, by type, September 2026 nuclear @ Restarts 3 © Large new builds 5 SMRs and advanced reactors, 19 @ Demonstration and test 7 ( } ONE Nuclear Energy U.S. government / Westinghouse: up to
Slide 16: Nuclear is the firm, clean baseload hyperscalers are buying
Nuclear is the firm, clean baseload hyperscalers are buying Hyperscalers have signed up for 16.6 GW of nuclear; ONE adds SMRs to its campuses as they become deployable >92%; of hours at full power: U.S. nuclear capacity factor 80-470 MWe: Up to 60-year design life, refueling every 18 months 2030: fi
Slide 17: AI demand, firm-power buyers and policy are reviving nuclear
Al demand, firm-power buyers and policy are reviving nuclear ONE Data-center load could triple by 2028, and hyperscalers have signed up for 16.6 GW of nuclear: nuclear 91%: U.S. nuclear capacity factor in 2025, the highest of any source ~97GW U.S. fleet today, about 18% of U.S. generation 400 GW: U.
Slide 18: Why now: a policy, capital and buyer window that closes by 2036
Why now: a policy, capital and buyer window that closes by 2036 Early movers lock in full tax credits, federal capital, scarce sites and the first long-term contracts @ Faster licensing An executive order caps NRC decisions at 18 months. A new risk-informed rule (Part 53) took effect in April 2026,
Slide 19: Overruns are the key nuclear risk; ONE tackles them in four steps
Overruns are the key nuclear risk; ONE tackles them in four steps ONE Built from ONE’s white papers on first-of-a-kind SMR risk, risk transfer and risk sharing nuclear The track record S14B to ~$35B: Vogtle 3 and 4, seven years late Arisk register across technology, licensing, market, site, operatio
Slide 20: The ITC absorbs up to half of every eligible overrun dollar
The ITC absorbs up to half of every eligible overrun dollar ONE’s answers to the other key risks, and why an investment credit protects better than a production credit ONE nuclear Licensing and schedule Offtake and price Cost of capital Fuel and supply chain Tax-credit timing Community and politics
Slide 21: Gas first makes the nuclear phase cheaper, safer and optional
Gas first makes the nuclear phase cheaper, safer and optional ONE The gas campus secures the site, earns revenue and builds local trust while the reactor choice stays open nuclear Phase 1 | 2025 to 2028 Site control; gas and nuclear site studies Phase 2 | 2028 to 2034 Gas campus online: revenue and
Slide 22: Six reasons ONE is positioned to power the AI build-out
ONE Six reasons ONE is positioned to power the Al build-out . nuclear Investment highlights Demand that outruns the grid Data centers reach about 12% of U.S. electricity by 2030), while a grid connection runs from about three years in ERCOT to about eight in PUM+. Gas now, nuclear next Early cash fl
Slide 23: Thank you
ONE nuclear Thank you Richard Taylor Co-Founder, Chairman and CEO ONE Nuclear Energy StoneX Nuclear Innovation Summit September 22, 2026
Slide 24: Appendix
Appendix ONE nuclear ONE Nuclear Energy
Slide 25: Risk Factors
Risk Factors ONE nuclear 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
Slide 26: Risk Factors (cont.)
Risk Factors (cont.) ONE nuclear 3. The requirements of being a public company may strain the Company's resources and distract its management, which could make it difficult to manage the business, particularly after the Campany is no longer an “emerging growth company.” Corporate Governance & Shareh
Slide 27: Risk Factors (cont.)
Risk Factors (cont.) ONE nuclear 8. The Company faces significant risk associated with interconnecting and operating behind-the-meter energy infrastructure at scale. 8. The Company's multi-energy generation strategy requires multi-year planning and access to specialized equipment. 10. The scale of i
Slide 28: Risk Factors (cont.)
Risk Factors (cont.) ONE nuclear ‘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 t
Slide 29: Risk Factors (cont.)
Risk Factors (cont.) ONE nuclear Cybersecurity / Systems 1. Terrorist attacks, cyberattacks and threats may compromise the integrity of the Company's hybrid grid systems and could have a material adverse effect on its business, financial condition and results of operations. 2, The Companys use of te
Slide 30: Risk Factors (cont.)
Risk Factors (cont.) ONE nuclear 2, Any failure of the Company's physical infrastructure, or acts of thet or vandalism to its physical infrastructure, could lead to significant costs and disruptions that could reduce the Company's revenue and harm its business reputation and financial results. 3. Th
Slide 31: Glossary of terms
Glossary of terms Al=artificial intelligence SMR = small modular reactor PPA = power purchase agreement LOI = letter of intent MISO, ERCOT, WECC = grid regions N+2 = two spare units. CEO, CDO, CFO = chief executive, development, financial officer HVII = Hennessy Capital Investment Corp. VII LBNL = L
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