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PORTLAND, Ore. – NuScale Power Corporation (NYSE: SMR), the leading provider of proprietary and innovative small modular reactor technology, today announced its results for the third quarter ended September 30, 2022.

Please visit this link for the results press release. Additional information included in the third quarter slide presentation is available in the “Finances” section of the Investor Relations website at https://ir.nuscalepower.com.

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NuScale will host a conference call on Monday, November 14, 2022 at 8:30 a.m. ET. A live webcast of the presentation will be available by dialing (888) 550-5460 with conference ID 4347254 or by visiting the “Events and Presentations” section of the Company’s Investor Relations website.

We plan to make a replay available for 30 days.

About NuScale Power Corporation

NuScale Power is ready to meet the diverse power needs of customers around the world. It has developed small modular reactor (SMR) nuclear technology to provide power for power generation, district heating, desalination, commercial-scale hydrogen production and other heat applications. industrial. The revolutionary NuScale Power Module™ (NPM), a small, safe pressurized water reactor, can generate 77 megawatts of electricity (MWe) and can be scaled to meet customer needs. NuScale’s 12-module VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) power plants, as well as other configurations according to customer needs.

Founded in 2007, NuScale is headquartered in Portland, Oregon, with offices in Corvallis, Oregon; Rockville, Maryland; Charlotte, North Carolina; Richland, Washington; and London, UK. To learn more, visit NuScale Power’s website or follow us on Twitter, Facebook, LinkedIn and instagram.

Forward-looking statements

This release may contain forward-looking statements (including, without limitation, statements that the Company or its management “will”, “believe”, “expect”, “anticipate”, “plan” or other similar expressions). These forward-looking statements include statements relating to the company’s strategic and operating plans, capital deployment, future growth, new awards, backlog, earnings and business prospects.

Actual results may differ materially due to a number of factors, including, among others, the severity and duration of the COVID-19 pandemic and the actions taken by governments, businesses and individuals in response to the pandemic, including the duration and severity of economic disruptions; the Company’s inability to receive new contracts; cost overruns, project delays or other issues arising from project execution activities, including failure to meet cost and schedule estimates; intense competition in the industries in which we operate; failure of our partners to fulfill their obligations; cybersecurity vulnerabilities; foreign economic and political uncertainties; customer cancellations or scope adjustments to existing contracts; failure to maintain site security and international security risks; risks or uncertainties associated with events beyond our control, including weather conditions, pandemics, public health crises, political crises or other catastrophic events; the use of estimates and assumptions in the preparation of our financial statements; late or non-paying customers; the failure of our suppliers, contractors and other third parties to properly perform services under our contracts; uncertainties, restrictions and regulations affecting our government contracts; inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible disruptions in information technology; the Company’s ability to obtain appropriate insurance; liabilities related to the provision of nuclear services; currency risks; the loss of one or a few customers who represent a significant portion of the Company’s revenues; damage to our reputation; failure to adequately protect intellectual property rights; asset impairments; climate change and related environmental issues; increased monitoring of sustainable development practices; the availability of credit and the restrictions imposed by credit facilities for our customers, suppliers, subcontractors or other partners; failure to obtain favorable results in any existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure by us or our employees, agents or partners to comply with any laws; new or changing legal requirements, including those relating to environmental, health and safety matters; failure to successfully implement our strategic and operational initiatives; risks relating to reserves of our convertible preferred shares; and restrictions on possible transactions imposed by our charter documents and Delaware law. Caution should be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections.

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Additional information regarding these and other factors may be found in periodic public filings by the Company with the Securities and Exchange Commission, including general economic conditions and other risks, uncertainties and factors (a) set forth in the section entitled “Risk Factors” and “Caution Regarding Forward-Looking Statements” in the Company’s prospectus dated and filed with the United States Securities and Exchange Commission (“SEC”) on July 1, 2022, which portion of the registration statement on Form S-1 declared effective by the SEC on June 30, 2022, in the section titled “Risk Factors”, (b) set forth in the section titled “Risk Factors” and “Special Note Regarding forward-looking statements” in the Company’s Quarterly Report on Form 10-Q filed with the SEC on August 12, 2022, and under similar headings in subsequent filings with the SEC, and (c) associated with companies like the Company that operate in the energy industry. SEC filings are available publicly or upon request from NuScale’s Investor Relations Department at [email protected] The Company disclaims any intention or obligation other than that required by law to update its forward-looking statements in light of new information or future events.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221111005549/en/

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contacts

NuScale Investor Requests:
Gary Dvorchak, the Blueshirt group for NuScale Power
[email protected]

Media contact
Diane Hughes, Vice President, Marketing and Communications, NuScale Power
[email protected]

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