8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________________

FORM 8-K

__________________________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 23, 2022

NuScale Power Corporation

(Exact name of registrant as specified in its charter)

	Delaware		001-39736		98-1588588
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)
(Address of principal executive offices)				(Zip Code)

6650 SW Redwood Lane, Suite 210

Portland, OR 97224

(971) 371-1592

(Registrant’s telephone number, including area code)

Spring Valley Acquisition Corp

2100 McKinney Avenue, Suite 1675

Dallas, TX 75201

(214) 308-5230

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, $0.0001 par value per share	SMR	New York Stock Exchange
Warrants to purchase Class A common stock	SMR WS	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

115106864.8 0034163-00071

Item 7.01. Regulation FD Disclosure.

On May 23, 2022, NuScale issued a press release, which is furnished in this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1*	Press Release issued by NuScale Power Corporation on May 23, 2022
104	Cover Page Interactive Data File (formatted as Inline XBRL)

*    Filed herewith.

115106864.8 0034163-00071

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NuScale Power Corporation
Date: May 23, 2022	By:	/s/ Chris Colbert
	Name:	Chris Colbert
	Title:	Chief Financial Officer

115106864.8 0034163-00071

EX-99.1

4:15 p.m. ET, May 23, 2022 NuScale Power Signs Agreement with Nuclearelectrica and Owner of Preferred Site for First SMR Site in Romania Memorandum of Understanding to advance Nuclearelectrica’s examination of NuScale’s SMR technology deployment in Romania PORTLAND, Ore. – NuScale Power LLC (“NuScale”) announced today a Memorandum of Understanding (“MOU”) with Romania’s state nuclear power corporation S.N. Nuclearelectrica S.A. (“Nuclearelectrica”) to conduct engineering studies, technical reviews, and licensing and permitting activities at a site in Doicesti, Romania that is the preferred location for the deployment of the first NuScale VOYGR™ power plant. The announcement, highlighted today in advance of a small modular reactor (“SMR”) workshop in Bucharest, Romania hosted by the United States Trade and Development Agency (“USTDA”), is the latest step in NuScale and Nuclearelectrica’s partnership to bring advanced nuclear technology to Romania. The announcement is a key advancement of NuScale and Nuclearelectrica’s teaming agreement signed last year, under which NuScale and Nuclearelectrica are taking steps toward deploying a first NuScale VOYGR™-6 (6-module), 462 MWe, power plant in Romania. Romania has the potential to accommodate the first deployment of SMRs in Europe and become a catalyst for SMRs in the region, as well as a base for supporting operatorship of this new technology in other countries. USTDA awarded a grant to Nuclearelectrica in early 2021, for the conduct of a study to identify and assess several sites across Romania, including locations where existing coal-fired power plants could be replaced with SMR plants. The study was performed by U.S. firm Sargent & Lundy, and identified several potential suitable sites, including the Doicesti, Romania site, which Nuclearelectrica has determined to be the preferred location for the first SMR deployment. “Today’s agreement is yet another exciting step forward in our partnership with Nuclearelectrica to deploy NuScale’s SMR technology in Romania and help ensure the country can meet its climate commitments while advancing economic growth,” said John Hopkins, President and Chief Executive Officer of NuScale. “We’re looking forward to working with Nuclearelectrica through the site selection process and demonstrating the benefits of our technology to the people of Romania.” “The site selection it’s a great first step for Romania in our SMR roadmap, after more than three years from our first MOU with NuScale, in which we analyzed the technology, its safety, its maturity and its readiness towards deployment and meeting Romania’s energy security and decarbonation goals. The Nuclearelectrica team, based on its track record of operating at nuclear safety as one of the safest performing nuclear plants in

the world, has the experience, knowledge and professional skills to embark alongside NuScale for the first deployment of a small modular reactor in Europe. We committed to continue to offer Romania clean, safe and affordable energy and the development of the first small modular reactor in Romania will prove our countries’ experience and offer a new future to nuclear energy industry: we will form a nucleus of excellence for the nuclear industry in Romania and a hub for the region in terms of components production and assembly and preparing operators for the SMR technology in the region”, Cosmin Ghita, CEO Nuclearelectrica. Enoh T. Ebong, USTDA’s Director said, “We congratulate Nuclearelectrica and NuScale on this significant step in their partnership. In funding this siting study, our goal was to build stronger ties between the U.S. and Romanian nuclear power industries and create new business opportunities for U.S. industry in an important market. We look forward to the successful deployment of U.S. SMR technology to Romania.” “I thank our American partners for supporting and endorsing the nuclear programs in Romania, a bilateral strategic partnership started in 1980s. I am proud that Romania’s more than 50 years’ experience in the nuclear energy field is recognized and confirmed with each and every step further, which enables us to become one of the first countries to deploy the innovative and safe small modular reactors technology. Also, I want to assure you that the Romanian President Klaus Iohannis, Prime Minister Nicolae Ciuca and Romanian Government sustain this project who will brings our country numerous benefits,” said Virgil Popescu, Minister of Energy, Romania. About NuScale Power NuScale Power Corporation (NYSE: SMR) is poised to meet the diverse energy needs of customers across the world. It has developed small modular reactor (SMR) nuclear technology to supply energy for electrical generation, district heating, desalination, commercial-scale hydrogen production and other process heat applications. The groundbreaking 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 based on customer needs. Founded in 2007, NuScale is headquartered in Portland, Ore., and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; 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” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially as a result of a number of factors. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale’s results may differ materially from its expectations and projections. NuScale specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing NuScale’s assessments as of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Media Contact Diane Hughes, Vice President, Marketing & Communications, NuScale Power dhughes@nuscalepower.com (C) (503) 270-9329

XML

Cover	May 23, 2022
Cover [Abstract]
Document Type	8-K
Document Period End Date	May 23, 2022
Entity Registrant Name	NuScale Power Corporation
Entity Incorporation, State or Country Code	DE
Entity File Number	001-39736
Entity Tax Identification Number	98-1588588
Entity Address, Address Line One	6650 SW Redwood Lane
Entity Address, Address Line Two	Suite 210
Entity Address, City or Town	Portland
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97224
City Area Code	971
Local Phone Number	371-1592
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Central Index Key	0001822966
Amendment Flag	false
Warrant
Cover [Abstract]
Title of 12(b) Security	Warrants to purchase Class A common stock
Trading Symbol	SMR WS
Security Exchange Name	NYSE
Document Information [Line Items]
Title of 12(b) Security	Warrants to purchase Class A common stock
Trading Symbol	SMR WS
Security Exchange Name	NYSE
Common Class A
Cover [Abstract]
Title of 12(b) Security	Class A common stock, $0.0001 par value per share
Trading Symbol	SMR
Security Exchange Name	NYSE
Document Information [Line Items]
Title of 12(b) Security	Class A common stock, $0.0001 par value per share
Trading Symbol	SMR
Security Exchange Name	NYSE