High Temperature, High Pressure, Carbon-Free Steam for Industrial Decarbonization

Key Financial Themes ☐ ■ NuScale is committed to maintaining a healthy liquidity position as the Company transitions from R&D to commercialization Management implemented strategic actions in January 2024, prudently reducing our cost base and creating additional financial and commercial flexibility NuScale anticipates commencing Front End Engineering Design ("FEED”) Phase 2 for RoPower in the first half of 2024 Revenue Net Loss Cash $4.6M 4Q'23 $(56.4)M 4Q'23 - VS VS ° 0 ° $125.4M1 No Debt $3.4M $(47.2)M 4Q'22 4Q'22 1. December 31, 2023 cash Includes restricted cash of $5.1M NuScale Nonproprietary | Copyright © 2024 NuScale Power, LLC. 21 22 NUSCALE™ Power for all humankind

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