Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 104

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 104
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’s ability to bring nuclear units online. The duration of a combined license, if issued, is 40 years from the date the NRC makes its finding that acceptance criteria have been met. ONE Nuclear cannot guarantee that any license will be issued, or that issued licenses will remain valid over the life of its projects.

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The Nuclear Waste Policy Act (“NWPA”) (42 U.S.C. §10101 et seq.) directed the selection and creation of a national deep geological repository for the long-term storage of spent nuclear fuel. Efforts to identify, license, and construct this site have failed, resulting in nearly all spent nuclear fuel being stored on-site at licensee facilities. A fee which the DOE was previously assessing on reactor operators has been suspended pending resolution of the storage issue. The storage of such spent fuel on-site, with the prospect that no geological repository will be available for many years, creates several potential risks to ONE Nuclear’s power projects. Recently, in Nuclear Regulatory Commission v. Texas, 605 U.S. ___ (2025), the Supreme Court of the United States rejected a challenge to the NRC’s ability to license temporary offsite storage of spent nuclear fuel. Such temporary storage onsite would represent an additional cost to ONE Nuclear. Several startups and organizations are exploring the economic potential of fuel recycling, which is a common practice in France, but ONE Nuclear can provide no assurance that ONE Nuclear could incorporate such fuel recycling.

ONE Nuclear may not be able to obtain sufficient water resources for its operations, which could materially impair its operations or impact its ability to expand its operations.

ONE Nuclear’s operations require significant quantities of water for cooling, steam generation and other processes. The availability of adequate water supplies will be essential to the operations and expansion of ONE Nuclear’s proposed power projects. Prolonged droughts, changes in precipitation patterns, increased competition for water resources or the implementation of a more stringent regulatory regime regarding water rights and water usage (or changes to such regulatory regime) could limit ONE Nuclear’s ability to obtain sufficient water for its proposed power projects. If ONE Nuclear is unable to secure the necessary water resources, ONE Nuclear could be forced to limit its operations or undergo a costly relocation. Additionally, increased cost of obtaining and treating water or compliance with other environmental regulations related to water could adversely affect ONE Nuclear’s financial conditions and results of operations.

ONE Nuclear’s costs to comply with federal, state and local environmental laws and regulations—both existing and new—may be material.

ONE Nuclear’s business is subject to extensive, evolving, and