ONE Nuclear Energy (ONEN) Investor presentation summary

Mission and business model

• Aims to deliver fast-to-market, fully integrated solutions for utility-scale natural gas and advanced nuclear power generation to meet rising energy demand.

• Operates a develop-own-operate model, targeting GW-scale baseload power solutions and energy parks powered by nuclear SMRs and gas.

• Strategic relationships span from preliminary discussions to definitive agreements with partners like Rolls-Royce, Black & Veatch, and others.

Market drivers and demand outlook

• U.S. electricity demand is experiencing its strongest four-year growth since 2000, driven by data centers and AI.

• Data center power demand is expected to double or triple by 2028, with significant grid connection delays.

• Major tech companies are securing long-term power agreements, highlighting the need for reliable, behind-the-meter generation.

Project pipeline and development sites

• Over 75 candidate sites are under evaluation, with top priorities in East Texas and New Mexico.

• East Texas site targets up to 1GW gas by 2028 and 2GW nuclear SMRs by 2034.

• New Mexico site offers exclusive gas development for 1GW, expandable to 10GW.