George Mason University Unveils NuScale Energy Exploration Center™

The Center will advance nuclear science and engineering education

CORVALLIS, Ore.--(BUSINESS WIRE)-- NuScale Power Corporation (NYSE: SMR) (NuScale), the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, today announced the opening of its latest Energy Exploration (E2) Center™--the largest of its kind in the United States. Established in partnership with George Mason University's (George Mason) College of Engineering and Computing, the E2 Center is located in George Mason’s new Fuse building at Mason Square in Arlington, VA.

Designed to engage students in hands-on nuclear science and engineering educational activities, the E2 Center was funded by the Virginia Clean Energy Innovation Bank, powered by the Virginia Department of Energy. This grant is a strategic investment in Virginia’s nuclear energy workforce development.

"A reliable and increasingly clean energy future is what the Virginia Clean Energy Innovation Bank is all about," said Glenn Davis, Director of the Virginia Department of Energy. "With this investment alongside world-class higher-education partners at George Mason and cutting-edge industry leaders at NuScale, we're ensuring Virginia has the energy to power our thriving economy and the expertise to continue leading the nation in innovation, education, and opportunity."

NuScale E2 Centers, including the one at George Mason, feature a state-of-the-art simulator that replicates a NuScale SMR control room. Students at George Mason will have the unique opportunity to assume the role of a control room operator at the first full-scale 12-module simulator in the United States, engaging with real-life scenarios that bridge theoretical knowledge with practical application. The establishment of NuScale’s E2 Center at George Mason marks a significant advancement for Virginia's educational landscape, preparing the next generation of nuclear professionals to engage with the evolving energy industry.

“The opening of NuScale’s E2 Center at George Mason reinforces our mission to drive innovation in nuclear energy and inspire the next generation of leaders,” said John Hopkins, NuScale President and Chief Executive Officer. “Together, we are shaping a skilled nuclear-ready workforce and fostering a more informed public, providing a strong foundation for the future of clean, reliable energy in Virginia and around the world.”

“This cutting-edge SMR control room simulator in Fuse at Mason Square will ensure that our students have access to emerging technologies that will drive innovation,” said Ken Ball, Dean, College of Engineering and Computing at George Mason. “Partnerships such as this give our students the tools and education they will need to prepare for the future and become part of Virginia’s dynamic workforce.” Developed by NuScale Power and funded through the Virginia Clean Energy Innovation Bank, the simulator supports the College’s growing reputation as a leader in addressing society’s grand challenges.

George Mason’s Fuse building is a 345,000-square-foot facility designed to promote technology, partnerships, and community engagement. The E2 Center, operational as of May 30, 2025, with a grand opening ceremony planned for fall 2025, offers opportunities outside the college curriculum, including practical demonstrations and interactive tours for local leaders and K-12 students, to deepen their understanding of nuclear power and the vital role it plays in providing reliable, clean energy.

With the addition of the new Center at George Mason, NuScale E2 Centers are now open at 11 educational institutions, namely Idaho State University, Ohio State University, Oregon State University, Rensselaer Polytechnic Institute, Texas A&M, University of Nevada-Las Vegas, South Carolina State University, University Politehnica of Bucharest, Ghana Atomic Energy 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 designs 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.

About George Mason University

George Mason University is Virginia’s largest public research university. Located near Washington, D.C., George Mason enrolls more than 40,000 students from 130 countries and all 50 states. George Mason has grown rapidly over the past half-century and is recognized for its innovation and entrepreneurship, remarkable diversity, and commitment to accessibility. In 2023, the university launched Mason Now: Power the Possible, a one-billion-dollar comprehensive campaign to support student success, research, innovation, community, and stewardship. Learn more at gmu.edu.

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, expectations regarding NuScale’s E2 Centers, including its impact on the future of energy, nuclear science and engineering education, the role of nuclear energy in the future of power generation, 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; our expectations regarding obtaining regulatory approvals, and the timing thereof, to deploy our SMRs in the United States and abroad; forecasts regarding end-customer adoption rates and demand for our products in markets that are new and rapidly evolving; limitations on the effectiveness of our controls and procedures and our remediation plans related thereto; 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; macroeconomic conditions; 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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Media contacts

Chuck Goodnight, Vice President of Business Development, NuScale Power

media@nuscalepower.com

Paola Duran, Director of External Communications, George Mason University

pduran3@gmu.edu

Investor contact

Rodney McMahan, Senior Director of Investor Relations, NuScale Power

ir@nuscalepower.com

Source: NuScale Power