NuScale Power Investor Presentation

Inflation Reduction Act (IRA) Provides Significant Support for Advanced Nuclear and Incentivizes Plant Construction to Occur by 2032 > 30% tax credit towards the building cost of carbon-free advanced nuclear power plants Potential 50% cost reduction for building an SMR at former coal sites $ I (H2) . • . Clean Electricity Tax Credits 30% ITC (investment tax credit) Technology-neutral tax credits Start in 2025 and phased out in 20321 • 10% bonus for eligible facilities² 10% bonus for domestic content 命 $ Clean Hydrogen Credit • $3/kg-H2 PTC for qualifying facilities • Must begin construction before 2033 • • Available for 10 years Loan Guarantee Expansion . DOE's Loan Programs Office can employ up to $40B in additional loan authority Additional $3.6B to cover loan guarantee costs Advanced Energy Project Credit 30% ITC for qualifying manufacturers producing clean energy components ⚫ $10B extension cap, with $4B to be located in energy communities Advanced Nuclear Receiving Support Previously Only Available to Renewables 1 Or when CO2 emissions from electricity production are 75% below 2022 levels 2 In certain communities, e.g., coal plant communities NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. 14 NUSCALE Power for all humankind

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