Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainability

Environmental Achievements

• Leveraged S&P Global Sustainability's carbon service to calculate 2022 emissions related to climate change impact (Scope 1 and 2). Report posted on website.

Social Achievements

• Joined the Ukraine clean fuel for SMRs pilot project to assess ammonia and hydrogen production from SMRs.
• Joined a research collaboration with Shell Global Services to develop and assess the use of a NuScale VOYGR SMR power plant for clean hydrogen production.

Governance Achievements

• Became a signatory of the United Nations 24/7 carbon-free energy compact at COP27.

Climate Goals & Targets

Environmental Challenges

• Lower than anticipated fiscal year 2022 DOE cost share program appropriations.
• Shifting out of payments to suppliers for the first customer order.
• Increase in R&D spending.
• Higher inflation impacting operating expenses and estimated cost of VOYGR SMR power plants.

Mitigation Strategies

• Requested an amount in the fiscal year 2024 appropriation to make up for the shortfall in fiscal year 2023.
• Refined scope and payment terms with suppliers.
• Adjusted projections to account for increased R&D spending and inflation.
• Managing inflationary pressures.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Agreement with Framatome for fuel handling equipment and fuel storage racks.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• VOYGR SMR power plants

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Security
• Economic Growth
• National Security
• Sustainability

Environmental Achievements

• Development of small modular reactors (SMRs) providing clean, reliable, and affordable energy.
• Contribution to Romania's energy security and decarbonization goals with the RoPower project.

Social Achievements

• Doicești project estimated to create 1,500 construction jobs and 2,300 manufacturing and component assembly jobs, as well as permanent facility operation and maintenance jobs.

Governance Achievements

• NuScale is the only SMR with U.S. Nuclear Regulatory Commission (“NRC”) design certification.

Climate Goals & Targets

Environmental Challenges

• 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.

Mitigation Strategies

• Successful actions to reduce costs and operate more efficiently.
• Execution of cash generating agreements with RoPower and Fluor associated with the advancement of Doicești project FEED Phase 2.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Small Modular Reactors (SMRs)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Security
• Decarbonization

Environmental Achievements

• Supporting Romania's decarbonization goals through the Doicesti project

Social Achievements

• Doicesti project estimated to create 1500 construction jobs and 2300 manufacturing and component assembly jobs, as well as permanent facility operation and maintenance jobs

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Intense competition
• Project delays
• Cost overruns
• Cybersecurity breaches
• Supply chain disruptions
• Client cancellations
• International security risks
• Pandemics
• Political crises
• Client delays or defaults in payments
• Supplier failures
• Government contract uncertainties
• Inability to hire and retain qualified personnel
• Tax matters
• Information technology interruptions
• Insurance availability
• Liabilities associated with nuclear services
• Foreign currency risks
• Reputation damage
• Intellectual property protection
• Asset impairments
• Climate change
• Increasing scrutiny of sustainability practices
• Credit availability
• Litigation and regulatory proceedings
• Compliance with laws
• New or changing legal requirements
• Implementation of strategic and operational initiatives

Mitigation Strategies

• Successful efforts to reduce costs and operate more efficiently
• Revenue-generating agreement with RoPower
• Anticipation of additional revenue from Fluor Corporation

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed