Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 330

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 330
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33% of total U.S. energy consumption, with process heat making up the majority of this demand. Light Water SMRs produce steam at approximately 300°C (572°F), which falls within the low-to-medium temperature range (under 500°C (932°F)) that accounts for about 76% of total industrial thermal demand in the United States, specifically serving sectors that require low-to-medium temperature steam (e.g., desalination, district heating, paper drying, and many chemical processes) (Center for Climate and Energy Solutions 2025 Report). This market has no other viable baseload low-carbon alternative. Solar/wind cannot provide constant process heat, and electric resistance heating is prohibitively expensive. The following facilities are strong potential targets for heat offtake as they operate 24/7 and have high steam loads: chemical processing, oil refineries, hydrogen production, district heating, and data centers (cooling via steam-driven absorption chillers).

Grid Ancillary Services.

Although the immediate objective of most projects will be to deliver rapid, behind-the-meter power, the long-term intention is to connect projects to the grid, enabling a bi-directional flow of power to and from the grid. When projects interconnect with wholesale electricity markets or provide services to the broader grid, ONE’s assets can participate in ancillary service markets, such as frequency regulation, spinning & non-spinning reserves, voltage support, and black start capability. ONE’s assets can also participate in utility and independent system operators demand response programs, such as emergency demand-response, economic demand response, and capacity performance.

Growth Strategies

ONE Nuclear believes that the following strategies will enable it to achieve its objective:

Advance Priority Energy Parks Through Multi-Phase Deployment

ONE Nuclear’s near-term growth will be anchored by its initial development sites in East Texas, Oklahoma and Washington state. These locations were selected based on a proprietary multi-factor screening process, including robust infrastructure, access to high-pressure natural gas, availability of water resources, proximity to major transmission corridors, and adjacency to hyperscale AI and industrial load centers. Across these sites, ONE Nuclear intends to deploy approximately 2 GW of natural-gas capacity by the fourth quarter of 2028 and approximately 3 GW of SMR capacity by the fourth quarter of 2034, subject to permitting, customer contracting, financing, technology readiness and availability and construction execution. ONE Nuclear expects these early developments to refine its commercial model, demonstrate project viability, and create repeatable processes for replication across the Company’s broader pipeline.

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