Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 335

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 335
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 is the “cash valley”                     
 - the extended period of high expenditures on licensing and engineering with zero revenue.   
 By bringing gas assets online early, ONE Nuclear generates substantial free cash flow that   
 helps service debt, fund corporate operations, and finance the nuclear licensing process.    
 This will help ensure that the Company remains solvent and liquid even if nuclear regulatory 
 approvals take longer than anticipated.                                                      |

| ● | Operational                                                                                
 Flexibility: Reciprocating engines possess fast-start and rapid-ramping capabilities,      
 making them ideal for load-following. Once the nuclear SMRs (which prefer to run at 100%   
 power) are brought online, the gas units can be retained to provide peaking power, backup  
 resilience, or ancillary services to the grid. RICE gensets are also easier to relocate to 
 other sites.                                                                               |

Given the multi-year federal licensing process and construction timeline associated with new nuclear assets, efficient natural-gas generation remains a critical accelerant in meeting near-term capacity needs. Modern gas turbines and reciprocating engines can be deployed and commissioned within 9 to 18 months, enabling developers to establish early operational capability, anchor offtake contracts, and begin generating revenue well before SMR units reach commercial operation.

As data centers and industrial loads come online far faster than nuclear development cycles, integrated gas-nuclear energy parks represent a practical and financeable development path, allowing customers to move from early, flexible capacity to long-term low-carbon baseload without interrupting their growth trajectory. This approach is increasingly reflected in utility IRPs, state energy planning documents, and federal energy-security assessments that identify gas-nuclear combinations as essential to maintaining reliability while supporting deep decarbonization.

Phase 3: Nuclear SMR Deployment (2034+)

As regulatory approvals are secured and technology matures, ONE Nuclear will transition selected energy parks to nuclear baseload. The Company focuses on SMRs, which represent a paradigm shift from the bespoke, “stick-built” construction projects of the past (e.g., Vogtle units 3 & 4) to a manufacturing-based model.

| ● | Modular                                                                                      
 Construction: SMRs are designed to be comprised of factory-built modules that are shipped    
 to the site for assembly. This approach reduces the risk of weather delays, improves quality 
 control, and allows for more predictable cost curves.                                        |

| ● | Technology                                                                                  
 Agnosticism: ONE Nuclear will maintain a vendor-neutral stance, evaluating multiple leading 
 SMR designs including the GE Vernova BWRX-300