NuScale Power Corp-A 2024年度报告

FORM10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ____________ Commission file number001-04321____________________________________ NuScale Power Corporation____________________________________ (Exact name of registrant as specified in its charter) 98-1588588 Delaware(State or other jurisdiction ofincorporation or organization)(I.R.S. Employer Identification No.)1100 NE Circle Blvd., Suite 200CorvallisOregon97330(Address of Principal Executive Offices)(Zip Code) (971)371-1592Registrant's telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesoNox Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesoNox Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.YesxNo¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesxNo¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☒Accelerated filer¨Smaller reporting companyEmerging growth company Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.x If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐Nox The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant computed by reference tothe price at which the common equity was last sold as of June30, 2024, the last business day of the registrant’s most recently completedsecond fiscal quarter, was approximately $1.1billion. The registrant had128,175,674shares of Class A common stock and154,254,663shares of Class B common stock outstanding as ofFebruary 24, 2025. DOCUMENTS INCORPORATED BY REFERENCEPortions of the registrant's proxy statement for its 2025 annual meeting of stockholders are incorporated by reference in Part III of thisForm 10-K. Table of Contents PageGlossaryCautionary Note Regarding Forward-Looking StatementsSummary of Risk FactorsPART I1Item 1. Business1Item 1A. Risk Factors19Item 1B. Unresolved Staff Comments33Item 1C. Cybersecurity33Item 2. Properties34Item 3. Legal Proceedings35Item 4. Mine Safety Disclosures36PART II37Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities37Item 6. Reserved37Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations37Item 7A. Quantitative and Qualitative Disclosures About Market Risk45Item 8. Financial Statements and Supplementary Data45Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosures45Item 9A. Controls and Procedures45Item 9B. Other Information48Item 9C. Disclosure Regarding Fore