<SEC-DOCUMENT>0001104659-22-070703.txt : 20220729
<SEC-HEADER>0001104659-22-070703.hdr.sgml : 20220729
<ACCEPTANCE-DATETIME>20220613214637
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-22-070703
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220613

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUSCALE POWER Corp
		CENTRAL INDEX KEY:			0001822966
		STANDARD INDUSTRIAL CLASSIFICATION:	HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433]
		IRS NUMBER:				852715384
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		6650 SW REDWOOD LANE, SUITE 210
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97224
		BUSINESS PHONE:		(971) 371-1592

	MAIL ADDRESS:	
		STREET 1:		6650 SW REDWOOD LANE, SUITE 210
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97224

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPRING VALLEY ACQUISITION CORP.
		DATE OF NAME CHANGE:	20200828
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>NuScale Power
Corporation</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">6650 SW Redwood
Lane, Suite 210</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Portland, OR 97224</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">June 13, 2022</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>VIA EDGAR</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%">Attention:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Gregory Herbers</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Jay Ingram Kruczek</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-size: 10pt">United States Securities
and Exchange Commission<BR>
Division of Corporation Finance<BR>
Office of Manufacturing<BR>
100 F Street, NE<BR>
Washington, D.C. 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt"><B>Re:</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>NuScale
                                            Power Corporation<BR>
                                            Registration Statement on Form S-1<BR>
                                            Filed May 13, 2022<BR>
                                            File No. 333-264910</B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Gentlemen:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This
letter sets forth the response of NuScale Power Corporation (the &ldquo;<B><I>Company</I></B>&rdquo;) to the comments of the staff of
the Division of Corporate Finance (the &ldquo;<B><I>Staff</I></B>&rdquo;) of the Securities and Exchange Commission set forth in your
letter dated June 8, 2022, with respect to the above referenced Registration Statement on Form S-1 (the &ldquo;<B><I>Registration Statement</I></B>&rdquo;).
Concurrently with the submission of this letter, the Company is filing Amendment No. 1 to Registration Statement on Form S-1 (the &ldquo;<B><I>Revised
Registration Statement</I></B>&rdquo;). Capitalized terms used but not otherwise defined in this letter have the meanings given to them
in the Revised Registration Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Your
comments are included in bold text, and the Company&rsquo;s response follows.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><U>Form
S-1 filed May 13, 2022</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><U>Cover
Page</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 35.3pt"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: left; padding-right: 3.3pt"><FONT STYLE="font-size: 10pt"><B>For
                                            each of the securities being registered for resale, disclose the price that the selling security
                                            holders paid for such securities.</B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 2.25pt; text-align: left; text-indent: 33.75pt"><FONT STYLE="font-size: 10pt">The
Company has made the requested disclosure on the cover page.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 2.25pt; text-align: left; text-indent: 33.75pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 35.3pt"><FONT STYLE="font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: left; padding-right: 3.3pt"><FONT STYLE="font-size: 10pt"><B>Disclose
                                            the exercise price of the warrants compared to the market price of the underlying securities.
                                            If the warrants are out the money, please disclose the likelihood that warrant holders will
                                            not exercise their warrants. Provide similar disclosure in the prospectus summary, risk factors,
                                            MD&amp;A and use of proceeds section and disclose that cash proceeds associated with the
                                            exercises of the <FONT STYLE="font-size: 10pt">warrants
are dependent on the stock price. As applicable, describe the impact on your liquidity and update the discussion on the ability of your
company to fund your operations on a prospective basis with your current cash on hand.</FONT></B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">The
Company has made the requested disclosure on the cover page, and has made related disclosure on page 6 (prospectus summary), page 18
(risk factors), page 29 (use of proceeds) and pages 45-46 (MD&amp;A).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0; text-align: left"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 35.3pt"><FONT STYLE="font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: left; padding-right: 3.3pt"><FONT STYLE="font-size: 10pt"><B>We
                                            note the significant number of redemptions of your Class A common stock in connection with
                                            your business combination and that the shares being registered for resale will constitute
                                            a considerable percentage of your public float. We also note that all or most of the shares
                                            being registered for resale were purchased by the selling security holders for prices considerably
                                            below the current market price of the Class A common stock. Highlight the significant negative
                                            impact sales of shares on this registration statement could have on the public trading price
                                            of the Class A common stock.</B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">The
Company has highlighted on the cover page that the shares offered for resale may constitute a considerable portion of the Company&rsquo;s
public float, and that the resale of shares may have a significant negative impact on the trading price of the Company&rsquo;s Class
A Common Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><U>Risk
Factors, page 9</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 35.3pt"><FONT STYLE="font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: left; padding-right: 3.3pt"><FONT STYLE="font-size: 10pt"><B>Include
                                            an additional risk factor highlighting the negative pressure potential sales of shares pursuant
                                            to this registration statement could have on the public trading price of the Class A common
                                            stock. To illustrate this risk, disclose the purchase price of the securities being registered
                                            for resale and the percentage that these shares currently represent of the total number of
                                            shares outstanding. </B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">The
Company has supplemented the risk factor beginning on page 26 to reference the securities offered by the Registration Statement and to
include references to the initial purchase prices of the securities registered for resale, and the possibility that the Spring Valley
Founders, PIPE Investors and certain Legacy NuScale Equityholders may have a greater incentive to sell shares if trading prices remain
higher than the original prices they paid for their shares. The Company has also supplemented the disclosure in the prospectus summary
on pages 4 and 6.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><U>Management&rsquo;s
Discussion and Analysis of Financial Condition and Results of Operations Company Overview, page 38</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 35.3pt"><FONT STYLE="font-size: 10pt">5.</FONT></TD><TD STYLE="text-align: left; padding-right: 3.3pt"><FONT STYLE="font-size: 10pt"><B>In
                                            light of the significant number of redemptions and the unlikelihood that the company will
                                            receive significant proceeds from exercises of the warrants because of the disparity between
                                            the exercise price of the warrants and the current trading price of the Class A common stock,
                                            expand your discussion of capital resources to address any changes in the company&rsquo;s
                                            liquidity position since the business <FONT STYLE="font-size: 10pt">combination.
If the company is likely to have to seek additional capital, discuss the effect of this offering on the company&rsquo;s ability to raise
additional capital.</FONT></B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">The
Company has expanded its disclosure beginning on page 45 to describe the Company&rsquo;s liquidity position following the business combination,
including the redemptions and amounts released from the Trust Account, and proceeds from the PIPE.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 35.3pt"><FONT STYLE="font-size: 10pt">6.</FONT></TD><TD STYLE="text-align: left; padding-right: 3.3pt"><FONT STYLE="font-size: 10pt"><B>Please
                                            expand your discussion here to reflect the fact that this offering involves the potential
                                            sale of a substantial portion of shares for resale and discuss how such sales could impact
                                            the market price of the company&rsquo;s common stock. Your discussion should highlight the
                                            fact that Fluor Enterprises, Inc, a beneficial owner of over 50% of your outstanding shares,
                                            will be able to sell all of its shares for so long as the registration statement of which
                                            this prospectus forms a part is available for use. </B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 37.55pt; text-align: left"><FONT STYLE="font-size: 10pt">The
Company has expanded its discussion beginning on page 45, including reference to a revised risk factor, to describe potential limitations
on its ability to raise additional financing through the sale of equity, considering the large number of shares available for resale,
which could affect the price at which any new Company shares could be sold, and the risk that Fluor, a significant investor in the Company
in the last 11 years, could liquidate its holdings in the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 37.55pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><U>General</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 35.3pt"><FONT STYLE="font-size: 10pt">7.</FONT></TD><TD STYLE="text-align: left; padding-right: 3.3pt"><FONT STYLE="font-size: 10pt"><B>Revise
                                            your prospectus to disclose the price that each selling security holder paid for the securities
                                            being registered for resale. Highlight any differences in the current trading price, the
                                            prices that the Sponsor, private placement investors, PIPE investors, or other selling security
                                            holders acquired their shares and warrants, and the price that the public security holders
                                            acquired their shares and warrants. Disclose that while the Sponsor, private placement investors,
                                            PIPE investors, and other selling security holders may experience a positive rate of return
                                            based on the current trading price, the public security holders may not experience a similar
                                            rate of return on the securities they purchased due to differences in the purchase prices
                                            and the current trading price. Please also disclose the potential profit the selling security
                                            holders will earn based on the current trading price. Lastly, please include appropriate
                                            risk factor disclosure.</B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">Please
see the responses above, which address portions of the comment. In addition, the Company has disclosed that that early investors and
the Spring Valley Founders (including the Sponsor) may realize returns on their investment, based on the current trading price, that
new purchasers may not realize as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.3pt"><FONT STYLE="font-size: 10pt">Inserted
                                            a new section in the prospectus summary on page 2 titled &ldquo;Selling Securityholders&rdquo;;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: left; padding-right: 3.3pt"><FONT STYLE="font-size: 10pt">Inserted
                                            a new risk factor on page 27 titled &ldquo;<I>You may not experience a rate of return on
                                            your investment in Class A Common Stock similar to the return <FONT STYLE="font-size: 10pt">experienced
by existing stockholders, including those who hold shares that are registered for resale under this registration statement&rdquo;; and</FONT></I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.3pt"><FONT STYLE="font-size: 10pt">Added
                                            disclosure on page 85 in the section titled &ldquo;Selling Securityholders&rdquo;.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">*****</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">We
respectfully request the Staff&rsquo;s assistance in completing the review of the Registration Statement, as amended, as soon as possible.
Please contact Jim Kearney of Stoel Rives LLP at (503) 294-9444 with any questions or further comments regarding the responses to the
Staff&rsquo;s comments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Sincerely,</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
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    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">NUSCALE POWER CORPORATION</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 45%"> /s/ Robert Temple</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Robert Temple</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title: </TD>
    <TD STYLE="font-size: 10pt">General Counsel and Corporate Secretary</TD></TR>
  </TABLE>




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    <TD STYLE="vertical-align: top; width: 3%; font: 10pt Times New Roman, Times, Serif; text-align: left">CC:</TD>
    <TD STYLE="vertical-align: top; width: 53%; font: 10pt Times New Roman, Times, Serif; text-align: left">James M. Kearney, Stoel Rives LLP</TD></TR>
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    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Jason M. Brauser, Stoel Rives LLP</TD></TR>
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