NuScale Power Appoints Diana J. Walters to Board; Ties to Atmos Energy Noted

NuScale Power Strengthens Governance with New Board Appointment

NuScale Power Corporation has announced the addition of Diana J. Walters to its Board of Directors, effective December 20, 2024. This appointment is significant as it enhances the governance structure of the company, which is at the forefront of advanced small modular reactor (SMR) technology. With Walters joining, the Board expands to ten members, including six independent directors, reflecting a commitment to diverse expertise in leadership. Walters comes with a wealth of experience, totaling over 35 years in the natural resources sector, where she has held prominent roles such as President of Liberty Metals and Mining LLC and CFO of Tatham Offshore, Inc.

John Hopkins, President and CEO of NuScale, welcomes Walters' appointment, emphasizing her extensive financial acumen and background in natural resources. These attributes are expected to bolster the company's governance as it continues to promote the deployment of its NRC-approved SMR technology. This strategic move aligns with NuScale's mission to facilitate the global energy transition by providing safe and scalable carbon-free energy solutions. The company’s flagship innovation, the NuScale Power Module™, is designed to produce 77 megawatts of electricity per module and can be scaled up to deliver a total output of 924 megawatts with 12 modules.

NuScale’s technology stands out as the first and only SMR design certified by the U.S. Nuclear Regulatory Commission, placing the company in a unique position to address various energy needs. Its applications extend beyond traditional electrical generation to include data centers, district heating, desalination, and commercial-scale hydrogen production. As the demand for sustainable energy solutions grows, NuScale aims to leverage its innovative technology to contribute significantly to a carbon-free future.

In related developments, Walters also serves on the boards of Atmos Energy, Trilogy Metals Inc., and Platinum Group Metals Limited, where she serves as Chair. Additionally, her role as a Senior Advisor at Independence Point Advisors further enhances her profile, bringing valuable insights to the boardroom. As NuScale continues to advance its SMR technology, the expertise and leadership of its board members will play a crucial role in navigating the challenges and opportunities in the evolving energy landscape.