Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 328

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 328
---
 stage of project formation, including AI-compute build-outs, industrial-facility planning, and the integration of SMR deployment strategies into hyperscale campus design. This agreement enhances the Company’s ability to align site development timelines with anticipated customer load ramp-up and ensures that potential SMR orders are paired with strategic commercial partners from the outset.

Taken together, these strategic agreements reinforce the fundamental strengths of ONE Nuclear’s business platform: rapid near-term gas deployment; scalable multi-unit SMR build-out; engineering excellence supported by a globally recognized technical-services provider; market-facing commercialization capabilities strengthened by a leading global energy-trading company; operational expertise grounded in nationally recognized nuclear-operations standards; and structured access to hyperscaler and industrial offtake counterparties. As ONE Nuclear’s pipeline advances, ONE expects the integration of equipment supply, engineering, operational readiness, commercialization, regulatory alignment, and phased capital deployment to form a standardized playbook for replicating multi-gigawatt energy parks across multiple regions. This model is intended to support the long-term expansion of ONE’s portfolio, allowing the Company to evolve into a fully integrated develop-own-operate power company capable of delivering reliable, low-carbon energy at scale to the most demanding customers.

| 214 |

Core Revenue Sources

ONE Nuclear’s revenue model is designed for resilience and growth. Core contracted revenues from power and capacity sales are expected to provide stable cash flows and project bankability, while certain ancillary revenues such as training services, heat sales, and grid service opportunities offer significant upside potential. As the Company scales its business operations, the portfolio of revenue streams is expected to diversify across behind-the-meter, grid-connected, and advanced manufacturing applications, positioning ONE Nuclear to capture value across the full energy ecosystem. While power sales remain the Company’s primary value driver, this multi-faceted revenue approach maximizes project economics and de-risks individual projects by reducing dependence on any single revenue source.

Behind-the-Meter (BTM)Power Sales ($/MWh).

Power sales represent the primary
revenue driver, structured as long-term Power Purchase Agreements (“PPAs”) with investment-grade counterparties. These
contracts will provide predictable cash flows with 10-25 year tenors, insulating the project from merchant market volatility while offering
customers price certainty and energy security. Power pricing will be structured to reflect the customer’s alternative cost of electricity,
including avoided grid electricity costs (such as transmission and distribution costs) and avoided backup generator
costs and fuel hedging expenses.

Capacity Sales ($/k