Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 339

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 339
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 Generation III/III+ SMR capacity to serve large-scale industrial loads, advanced manufacturing facilities and data centers. This site benefits from significant existing infrastructure, proximity to Grant PUD’s transmission backbone, extensive water and gas availability, multimodal transportation corridors, and multiple fiber conduits already serving industrial tenants.

The master developer, provides comprehensive site-preparation and entitlement leadership, including zoning modifications, subdivision, environmental permitting, and coordination with local entities, Grant County, Grant PUD, and regional tribes. ONE Nuclear is responsible for all SMR licensing through the NRC, EPC contracting, technology and fuel procurement, site engineering, and long-term operations and decommissioning planning. The MOU establishes a 24-month exclusivity period and a 90-day window for feasibility studies covering interconnection, water rights, gas access, seismic suitability, and land title. The parties will then work to complete a Definitive Development Agreement within six months, including commercial terms such as land arrangements, financing structures, and potential revenue-sharing models.

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This site’s scale, regulatory momentum, and location within one of the most energy-intensive industrial regions in the western United States will give the Company a strategic foothold for future SMR expansion and potential cross-border power-export strategies. In addition, the parties have agreed to evaluate a separate arrangement for natural-gas generation to support early-stage power needs at the site, though neither party is obligated to enter into such an agreement.

Conversion of MOUs to Binding Agreements

Conversion of each MOU into a binding agreement will follow a standardized and disciplined process. The parties will begin with a 90-day joint workstream that includes forming a steering committee, conducting technical and commercial feasibility studies, and negotiating the core commercial framework. This will lead into a six-month target window to finalize either a Joint Development Agreement or a Definitive Development Agreement, which will set forth land-control provisions, capital-commitment mechanics, offtake structures, construction responsibilities, and incentive-sharing terms. In parallel, the parties prepare PPAs, site-control instruments, financial-incentive applications (including DOE programs, IRA tax credits, and state-level incentives), and advance NRC, EFSEC, and air-quality permit submissions. Each MOU also incorporates a 24–36 month exclusivity period, ensuring development certainty and strategic alignment.

Together, ONE’s East Texas, Oklahoma, and Washington state sites will serve as the foundation of a nationwide multi-technology development platform. Across these and seven additional screened locations, ONE’s pipeline is expected to