NuScale Power and Spring Valley Acquisition Corp. Announce $15 Million PIPE Investment from Nucor
Summary
As Americas largest steel producer and a significant energy consumer, we are looking for safe and reliable sources of power generation that are consistent with our sustainability goals. Its unique design and safety features allow it to be easily integrated into electric grids or used in a variety of industrial applications, such as water desalination, commercial-scale hydrogen production and carbon-capture technology.With this additional $15 million PIPE commitment from Nucor, NuScale and Spring Valley have secured $55 million in additional PIPE funding since announcing their initial business combination agreement in December 2021. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with more than 70 years supporting nuclear projects.NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Additional information about the transaction can be viewed here: https://www.nuscalepower.com/about-us/investorsSpring Valley Acquisition Corp. (NASDAQ: SV, SVSVW) is a special purpose acquisition company formed for the purpose of entering into a merger or similar business combination with one or more businesses or entities focusing on sustainability, including clean energy and storage, smart grid/efficiency, environmental services and recycling, mobility, water and wastewater management, advanced materials and technology enabled services. Accordingly, undue reliance should not be placed upon the forward-looking statements.Additional Information and Where to Find ItThe proposed Business Combination will be submitted to shareholders of Spring Valley for their approval.