South Carolina State University Opens NuScale Power Energy Exploration (E2) Center™

NuScale Power Corporation (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor nuclear technology, today announced the opening of its next Energy Exploration (E2) Center™ at South Carolina State University (SC State) to help prepare the next generation of nuclear energy professionals.

NuScale E2 Centers are unique learning environments offering a hands-on opportunity to experience simulated nuclear power plant operation scenarios. Leveraging state-of-the-art computer modeling within a 12-module control room simulator, the E2 Center will allow users at SC State to assume the role of control room operator, providing the chance to apply nuclear science and engineering principles and gain real-world experience. The E2 Center will also facilitate community education on the benefits of nuclear power through demonstrations and tours for local leaders, K-12 students and the broader public.

“We are excited to partner with SC State on our 10^th E2 Center, helping to build a strong workforce of nuclear energy innovators,” said John Hopkins, NuScale President and Chief Executive Officer. “As clean, reliable power demand grows, so does the need for skilled professionals. This facility will offer students practical experience, problem-solving skills, and the expertise to advance clean energy solutions.”

"This is an exciting moment for SC State. The NuScale Energy Exploration Center gives our students a front-row seat to the future of clean energy. It’s not every day you get to bring a virtual nuclear reactor into the classroom. That kind of access can spark curiosity, open career paths, and change lives,” said Alexander Conyers, President, SC State. “This partnership brings world-class tools to our campus, supports our growing research mission as an R2 institution, and underscores the vital role HBCUs (historically Black colleges and universities) play in driving innovation across the country. It also strengthens our pipeline for workforce development with partners like the Battelle Savannah River Alliance, preparing our students to lead in one of the nation’s most critical industries.”

“The NuScale Energy Exploration Center is a game changer for SC State. It will allow students to safely explore complex systems, gain hands-on experience, and develop critical thinking skills in a realistic, immersive environment,” stated Dr. Frederick Evans, SC State Provost and Vice President for Academic Affairs. “This kind of innovative training not only deepens understanding but also prepares students for the workforce and inspires the next generation of nuclear scientists and engineers."

The SC State E2 Center joins a global network of 10 NuScale E2 Centers at leading universities across North America, Europe, Africa, and Asia. E2 Centers are located at Idaho State University, Ohio State University, Oregon State University, Rensselaer Polytechnic Institute, Texas A&M, University of Nevada-Las Vegas, University Politehnica of Bucharest, Ghana Atomic Commission, and Seoul National University. Learn more about NuScale E2 Centers here.

About NuScale Power

Founded in 2007, NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The Company’s groundbreaking SMR technology is powered by the NuScale Power Module™, a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output.

As the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.

To learn more, visit NuScale Power’s website or follow us on LinkedIn, Facebook, Instagram, X and YouTube.

Forward Looking Statements

This release contains forward-looking statements (including without limitation statements containing terms such as "will," "believes," "expects," “anticipates,” "plans" or other similar expressions). These forward-looking statements include statements relating to strategic and operational plans, including for NuScale’s E2 Centers, the growth in demand for clean, reliable energy and skilled professionals, NuScale’s positioning to serve customers, capital deployment, future growth, new awards, backlog, earnings and the outlook for the Company’s business.

Actual results may differ materially as a result of a number of factors, including, among other things, the Company’s liquidity and ability to raise capital; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; intense competition in the industries in which we operate; failure of our partners to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics (including COVID-19), public health crises, political crises or other catastrophic events; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; uncertainties, restrictions and regulations impacting our government contracts; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions; the Company's ability to secure appropriate insurance; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for 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; increasing scrutiny with respect to sustainability practices; the availability of credit and restrictions imposed by credit facilities for our clients, suppliers, subcontractors or other partners; failure to obtain favorable results in 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 laws; new or changing legal requirements, including those relating to environmental, health and safety matters; failure to successfully implement our strategic and operational initiatives and restrictions on possible transactions imposed by our charter documents and Delaware law. Caution must 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.

Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission (the “SEC”), including the general economic conditions and other risks, uncertainties and factors set forth in the section entitled “Cautionary Note Regarding Forward-Looking Statements” and “Summary of Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and in subsequent filings with the SEC. The referenced SEC filings are available either publicly or upon request from NuScale's Investor Relations Department at ir@nuscalepower.com. The Company disclaims any intent or obligation other than as required by law to update the forward-looking statements.

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