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North American Forgemasters produces forgings for heavy equipment for road construction, forestry, farming, manufacturing, mining, military applications, etc. MARKETS > Heavy Machinery > < Defense Mining > FORGINGS FOR HEAVY MACHINERY Electric, steam, gas or diesel powered... heavy machinery performs better with forgings. NORTH AMERICAN FORGEMASTERS | WHY CHOOSE US? For components of all sizes, let NAF replace those manufactured through less competitive or inferior alternative metalworking methods such as castings and fabrications, with our high quality open die forgings. Components are able to be delivered in a variety of machined configurations with the optimum, best value chemistry engineered for each unique application. Some of the components we supply are: Hydraulic cylinder housings Pistons Rams Tie rods Mill spindles and pinions Bases, columns, and slides Custom forgings

North American Forgemasters produces large disk and hub forgings with weights up to 270,000 lbs. and max. O.D. of 160 in. in a variety of materials. PRODUCTS > Discs & Hubs > FORGED DISCS AND HUBS Our forged discs and hubs are made by standing heated material on end and working it between an upper and lower die (a.k.a. upsetting). This process compresses the grain structure of the part in both directions, which gives strength and ductility that is not found with other metalworking alternatives. With our variety of in-house tooling, we are able to produce both simple and complex hub near-net forgings with tight dimensional tolerances and smooth finishes. Additionally, NAF offers all downstream processing, including heat treatment, machining and mechanical and non-destructive testing, upon request. Contact us today with your exact specifications. Our team will work with you to capitalize on our capabilities to minimize material waste and reduce process inefficiencies. Max. O.D. Max. Length Max. Weight 190in. ** 325,000+ lbs. **There is no practical combination of dimensions that would result in a weight greater than 270,000 lbs. (i.e. height and length are only limited by a combination of the dimensions and max. weight). Feel free to reach out to a NAF team member for further clarification. < Custom Rings >

Grant secured through Commonwealth of Pennsylvania for work with Concurrent Technologies and North American Forgemasters. This remarkable collaboration ABOUT US > News And Updates 4.22.2022 > FORGING NEWS AND UPDATES FROM NORTH AMERICAN FORGEMASTERS NuScale Power Signs Collaboration Agreement with the U.S. Reactor Forging Consortium Colin Herchenbach On April 22, 2022 This remarkable collaboration will strengthen supply chain capabilities as NuScale Power approaches commercialization Grant secured through Commonwealth of Pennsylvania for work with Concurrent Technologies and North American Forgemasters PORTLAND, Ore.--(BUSINESS WIRE)-- Today, NuScale Power and the U.S. Reactor Forging Consortium (RFC), comprised of North American Forgemasters (NAF), Scot Forge, and ATI Forged Products, announced they have signed a Collaboration Agreement to leverage the existing robust forging supply chain in the U.S., to prepare NuScale to deploy its small modular reactor (SMR) technology to customers worldwide and to support, retain, and expand U.S. manufacturing jobs. The RFC is the combination of highly qualified expert suppliers of nuclear-grade forgings for the worldwide nuclear industry. The combined three companies act as the only fully integrated manufacturer of large alloy and stainless steel open die, seamless rolled ring, and large uniquely-shaped forgings (heads with integral nozzles) in the Western Hemisphere with as-forged piece weights exceeding 160 tons. Under the Collaboration Agreement, the RFC and NuScale will cooperate in design for manufacturability reviews for forged geometries to reduce welding, chemical composition tailoring and optimized configuration for fabrication. The collaboration will support the U.S. supply chain planning as NuScale approaches near term commercialization of the NuScale Power Modules™ (NPM). The Collaboration Agreement supports the U.S. Department of Energy’s (DOE) report released earlier this year, “America’s Strategy to Secure the Supply Chain for a Robust Clean Energy Transition ,” designed to retain and develop U.S. jobs through the exploration of mutually beneficial domestic business relationships. This includes, but is not limited to, U.S. and State Government grants and funding opportunities, development of FC member company capabilities and capacities, and other U.S. manufacturing opportunities. Consortium member NAF is currently partnering with Pennsylvania-based Center for Advanced Nuclear Manufacturing, operated by Concurrent Technologies Corporation (CTC), on a full production size shell research project that will focus on the use of austenitic stainless steel for reactor and containment vessels in SMRs and advance reactors. Financed in part by a grant from the Commonwealth of Pennsylvania, Department of Economic Development, NAF in collaboration with its joint venture owners Scot Forge and ELLWOOD Group, INC. will perform melting, forging, heat treating, rough machining, mechanical testing, and non-destructive testing while CTC oversees the development and performs independent technical evaluations of the forged material. This partnership will serve to create jobs by establishing a supply chain in Pennsylvania and ultimately benefit the overall development of SMRs and advanced reactor deployment. The RFC partners are strategically located across the U.S. and are helping NuScale strengthen its U.S. supply chain. NAF has its principal office in New Castle, Pennsylvania; Scot Forge is headquartered in Spring Grove, Illinois; and ATI Forged Products has its office in Cudahy, Wisconsin. NAF, Scot Forge, and ATI have previously worked collaboratively on the refinement of designs and manufacturing feasibility of large nuclear grade forgings for the NPM. About NuScale Power NuScale Power is poised to meet the diverse energy needs of customers across the world. It has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production and other process heat applications. The groundbreaking NuScale Power Module™ (NPM), a small, safe, pressurized water reactor, can generate 77 MWe of electricity and can be scaled to meet customer needs. The VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) plants and other configurations based on customer needs. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with more than 70 years supporting nuclear projects. NuScale is headquartered in Portland, Ore. and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; and London, UK. Follow us on Twitter: @NuScale_Power , Facebook: NuScale Power, LLC , LinkedIn: NuScale-Power , and Instagram: nuscale_power . Visit NuScale Power's website . On December 14, 2021, NuScale announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV, SVSVW). Upon the closing of the business combination, NuScale will become publicly traded under the new ticker symbol “SMR.” Additional information about the transaction can be viewed here: https://www.nuscalepower.com/about-us/investors About North American Forgemasters Company NAF is a 50/50 joint venture between two privately owned 100% domestic companies, Scot Forge and ELLWOOD Group, Inc. In 2015 NAF commissioned its 10,121T open die forging press aimed at expanding the domestic capabilities and capacity for the ultra large forgings required for the advanced reactor market. NAF produces forgings too large for its JV owners ranging from as-forged weights starting at approximately 100,000 lbs to exceeding 320,000 lbs. Furthermore, NAF’s strategic location takes advantage of the ingot steelmaking facility (ELLWOOD Quality Steels) located within the same complex. The molten metal now solidified is kept hot and at NAF is forged into rings, shells, discs, heads and custom forged shapes. Located in western Pennsylvania, NAF serves as the only fully integrated manufacturer of ultra large open die forgings in the Western Hemisphere. NAF, through the continuous investments made by its JV owners, represents American manufacturing at its finest. Learn more at www.naforgemasters.com . About Scot Forge Scot Forge is an employee-owned, U.S. manufacturer of forged solutions since 1893. Scot Forge serves multiple industries including national defense, mining, aerospace, infrastructure, power generation and more. From ferrous and non-ferrous forgings, through heat treat, machining, metallurgical analysis, destructive and non-destructive testing to concurrent R&D, forge engineering, simulation modeling and conversions from castings and fabrications to forgings, the Scot Forge team has a proven track record in serving our nation’s toughest metal challenges, all while meeting budgetary and timeline deliverables. Scot Forge has the largest open die forging press in the Western Hemisphere, with the combined highest tonnage and largest working area, which complements the NAF press. The press was specifically designed and built in-house by Scot Forge to produce very large, near-net shaped forgings. Learn more at www.scotforge.com . About ATI Forged Products ATI is a $3 billion global producer of high performance materials and solutions for the global aerospace and defense markets. With world-class capabilities in closed die forgings and large rings, our Forged Products business is proven to perform in the harshest environments and most demanding conditions. From jet engines to space rockets, we partner with our customers to deliver extraordinary materials that enable their greatest achievements. Learn more at ATIMetals.com . About Concurrent Technologies Corporation (CTC) Concurrent Technologies Corporation (CTC) is an independent, nonprofit, applied scientific research and development professional services organization. CTC collaborates with its technology transition affiliate, Enterprise Ventures Corporation, to leverage research, development, test and evaluation work to provide transformative, full lifecycle solutions. To best serve our clients’ needs, we offer the complete ability to fully design, develop, test, prototype and build. We deliver robust, technical, and innovative solutions that safeguard our national security, retain U.S. technological advantage, and ensure the primacy of American manufacturing. www.ctc.com . No Offer or Solicitation This release does not constitute an offer to sell or a solicitation of an offer to buy, or the solicitation of any vote or approval in any jurisdiction in connection with a proposed potential business combination among Spring Valley and NuScale or any related transactions, nor shall there be any sale, issuance or transfer of securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful. Any offering of securities or solicitation of votes regarding the proposed transaction will be made only by means of a proxy statement/prospectus that complies with applicable rules and regulations promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and Securities Exchange Act of 1934, as amended, or pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act. Forward Looking Statements This release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially as a result of a number of factors. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale’s results may differ materially from its expectations and projections. While NuScale may elect to update these forward-looking statements at some point in the future NuScale specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing NuScale’s assessments of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Additional Information and Where to Find It The proposed Business Combination will be submitted to shareholders of Spring Valley for their approval. The Registration Statement that Spring Valley has filed with the SEC includes a proxy statement/prospectus and certain other related documents, which has been distributed to holders of Spring Valley’s Class A ordinary shares in connection with Spring Valley’s solicitation of proxies for the vote by the Spring Valley shareholders with respect to the proposed Business Combination and other matters as described in the proxy statement/prospectus. Spring Valley mailed a definitive proxy statement/prospectus to the Spring Valley shareholders as of the close of business on March 25, 2022, which is the record date established in connection with Spring Valley’s solicitation of proxies for the vote on the proposed Business Combination and other matters to be presented at the special meeting of Spring Valley shareholders. Spring Valley shareholders and other interested parties are urged to read the definitive proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about Spring Valley, NuScale and the proposed Business Combination. Shareholders may also obtain a copy of the proxy statement/prospectus, as well as other documents filed with the SEC regarding the proposed Business Combination and other documents filed with the SEC by Spring Valley, without charge, at the SEC’s website located at www.sec.gov . A link to the Registration Statement, as well as other information related to the transaction, can be found on the “Investors” section of NuScale’s website at www.nuscalepower.com/about-us/investors . INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. Diane Hughes, Vice President, Marketing & Communications, NuScale Power dhughes@nuscalepower.com (C) (503) 270-9329 Colin Herchenbach, Advanced Reactor Forging Consortium Chair cherch@usforgeconsortium.com (C) (724) 674-0204 Mary Bevan, Director, Corporate Communications and Brand Marketing, Concurrent Technologies Corporation (CTC) bevanm@ctc.com (C) (814) 269-2490 Source: NuScale Power Read More » Categories: General | Tags: | View Count: (27568)

North American Forgemasters produces custom forged shapes such as domes, cups with blind I.D.s and shafts combining round, square, rectangular, hexagonal or octagonal cross sections. PRODUCTS > Custom Forgings > CUSTOM FORGED SHAPES NAF has the ability to forge complex shapes such as domes with integral nozzles, cups with blind inner diameters, and shafts combining round, square, rectangular, hexagonal or octagonal cross sections. Our custom and near-net shape forging solutions mean fewer machining operations, reduced weight and lower costs for raw materials. Contact us today with your forging challenges and specifications, our team will work with you to capitalize on our capabilities to minimize material waste and reduce process inefficiencies. < Blocks Disks/Hubs >

North American Forgemasters produces forged blocks with weights up to 270,000 lbs. and max. width of 170 in. in a variety of materials. FORGED BLOCKS Parts manufactured from forged block are ideal for high-pressure applications and harsh conditions. Due to the refined grain structure inherent to the forging process, forged block delivers superior strength in all dimensions. Additionally, NAF offers all downstream processing, including heat treatment, machining and mechanical and non-destructive testing, upon request. Contact us today with your exact specifications, our team will work with you to capitalize on our capabilities to minimize material waste and reduce process inefficiencies Max. Height Max. Width Max. Length Max. Weight ** 170in. ** 325,000+ lbs. **There is no practical combination of dimensions that would result in a weight greater than 270,000 lbs. (i.e. height and length are only limited by a combination of the dimensions and max. weight). Feel free to reach out to a NAF team member for further clarification. PRODUCTS > Blocks > < Hollows Custom >

North American Forgemasters produces round, rectangular, hexagon, square and flat bar with weights up to 270,000 lbs. and max. length of 75 ft. Forged shafts are also available with max. O.D. of 160 in. PRODUCTS > Shafts & Bars > FORGED SHAFTS AND BARS Our step shafts are forged from sound-centered billets. Using a “fuller” tool to start the stepping process, we forge the steps into smaller or tapered diameters. This process creates a contoured grain flow, giving the part greater strength and fatigue resistance that can’t be found in shafts machined from bar stock. For round bars, square bars, flat bars and hex bars, NAF can produce sound-centered bars from various alloy types for a stronger and more durable product compared to a machined part or casting. From planishing, cutting, heat treating, straightening, machining and testing, we deliver consistent, high-quality, fast turnaround times. Additionally, NAF offers all downstream processing , including heat treatment, machining and mechanical and non-destructive testing, upon request. Contact us today with your exact specifications, and our team will work with you to capitalize on our capabilities to minimize material waste and reduce process inefficiencies. Max. Width Max. Length Max. Weight 190in. 75ft. 325,000+ lbs. < Rings Hollows >

North American Forgemasters (NAF) is a 50-50 joint venture between Scot Forge and Ellwood Group, Inc. NAF TODAY Today the partnership is as strong as ever, converting an average of more than 100,000 ingot tons per year, making NAF perhaps the most productive open die forger in the world. The original press was rebuilt in 2013 and the original six oxy-fuel forge heating furnaces were replaced in 2014 with five regenerative burner furnaces providing a net heating capacity increase with lower emissions. The press is serviced by two 50 ton mobile manipulators. Additionally, the Partners have invested approximately $95 million to build an open die press complex with the capabilities to make open die forgings larger than either can make today. The 90MN / 10120 ton open die forging press is the centerpiece of the investment and is the largest, fastest acting and most reliable press in the Western Hemisphere. It is serviced by a 190 ton crane, a 200 ton rail-bound manipulator and a 100 ton mobile manipulator. Currently, there is one car bottom and two box forge heating furnaces as well a large moving hood normalize, temper, stress relieve and slow cool furnace. EXPERIENCE. RELIABILITY. QUALITY. North American Forgemasters (NAF) is a 50-50 joint venture between Scot Forge and Ellwood Group, Inc . ABOUT US NORTH AMERICAN FORGEMASTERS NAF was established in 1997 when an agreement between the Partner companies was made to install a 4500 ton press in New Castle, PA. At the time, both Partners identified the need for a larger open die forging press and the idea of a joint venture adjacent to both company's primary melt source would provide the opportunity to hot ship ingots a few hundred yards to the bigger press. The agreement was made to operate as a cost center converting ingots supplied by each of the Partners into bloom and custom open die forgings according to their written instructions. Since 1997, the two Partners have grown and prospered, in part due to the success of the NAF joint venture. Both companies have since installed larger presses - Scot Forge built a 5500 ton press in 2007 and Ellwood City Forge, a division of EGI, built a 5000 ton press in 2008. Since the 4500 ton press is no longer unique, the Partners have made a new agreement, looking to once again create opportunity for the NAF JV. About Us Flip Boxes OUR PARTNERS The success of NAF is rooted in its partnerships with Ellwood Group, Inc. and Scot Forge Company OUR PARTNERS Read More NEWS & UPDATES Read up and subscribe to receive all of NAF's recent updates! NEWS & UPDATES Read More NAF was established in 1997 when an agreement between the Partner companies was made to install a 4500 ton press in New Castle, PA. At the time, both Partners identified the need for a larger open die forging press and the idea of a joint venture adjacent to both company's primary melt source would provide the opportunity to hot ship ingots a few hundred yards to the bigger press. The agreement was made to operate as a cost center converting ingots supplied by each of the Partners into bloom and custom open die forgings according to their written instructions. Since 1997, the two Partners have grown and prospered, in part due to the success of the NAF joint venture. Both companies have since installed larger presses - Scot Forge built a 5500 ton press in 2007 and Ellwood City Forge, a division of EGI, built a 5000 ton press in 2008. Since the 4500 ton press is no longer unique, the Partners have made a new agreement, looking to once again create opportunity for the NAF JV. ABOUT US NORTH AMERICAN FORGEMASTERS EXPERIENCE. RELIABILITY. QUALITY. North American Forgemasters (NAF) is a 50-50 joint venture between Scot Forge and Ellwood Group, Inc. ABOUT US >

North American Forgemasters manufactures components in a variety of material for the nuclear, mining, oil and gas, power generation and general industrial markets. MARKETS > FORGING MARKETS SERVED NAF manufactures components in ferrous and non-ferrous material for the nuclear, mining, oil and gas, power generation and general industrial markets. Commercial Nuclear Shells, flanges, risers, support skirts, storage casks, tube sheets, domes and more. Overview Forgings for reactor components, waste-storage and transport forgings. Read More National Defense Shafts, hollows, uniquely shaped forgings and other complex components. Overview Supplying essential components for national defense programs, NAF is a premier forging partner. Read More Heavy Machinery Hydraulic cylinder housings, pistons, rams, tie rods, spindles, pinions, and more. Overview Forgings for heavy equipment for road construction, forestry, farming, manufacturing, mining, military applications, etc. Read More Mining Crusher and pulverizer shafts and rolls, hoist shafts and shafts for walking draglines and shovels. Overview Forging for surface mining and sub-surface mining from Australia to Canada to Brazil and beyond. Read More Infrastructure Trunnions, gudgeons, pinions, shafts, rings and more. Overview From sea to shining sea, NAF provides the large forgings needed to support dams and other infrastructure projects. Read More Oil & Gas Wye blocks, tension and riser joints, valve bodies, spools, pump bodies and more. Overview Forgings for exploration, extraction, refining or transporting for the Oil & Gas industry. Read More Power Generation Generator shafts, gas and steam turbine shafts and disks, fly wheels, jackshafts, exciter, hydroelectric and fan shafts and more. Overview Forgings for the Power Generation industry... providing the world with the energy they need. Read More Shipbuilding Rudder stock, shafts, tubes, bearings, couplings, rings and more. Overview Forgings for complex vessels such as cruise ships, ferries, mega-yachts, dredgers, submarines, naval vessels and more. Read More

North American Forgemasters, home of the largest open-die press in North America, forges over 100,000 ingot tons per year and is capable of producing parts weighing up to 270,000 lbs. CAPABILITIES > Forging > OPEN DIE FORGING Providing strong, reliable parts - Made in America EQUIPMENT AND CAPABILITIES NAF’s new 90MN (10,120 ton) open die forging press is the greatest tonnage, fastest acting and most reliable in the Americas. The press opening is also the largest with 6 meters (236 inches) of vertical daylight and five meters (197 inches) between the columns. The stroke is 3.1 meters (122 inches). The press is serviced by a 200 metric ton railbound manipulator, a 100 metric ton mobile manipulator and a 230 metric ton overhead crane. The existing, internally designed and built 40 MN (4,500 ton) sister press is serviced by multiple 45 metric ton mobile manipulators. This press has been operational since 1998 and was fully rebuilt in 2013. During its operation, NAF has averaged forging more than 100,000 ingot tons per year making it the most productive press in the U.S. and possibly the world. This is a testament to both the skill of the NAF forging crews and the maintenance staff that maximizes the press uptime. 90 MN (10,120 ton) open die forging press 40 MN (4,500 ton) open die forging press 200 metric ton railbound manipulator 45 metric ton mobile manipulators 100 metric ton mobile manipulator 230 metric ton and other overhead cranes In the press complex there are box type forge heating furnaces and a large car bottom furnace redundancies that employing the latest regenerative burner technology. Continue to the Heat Treatment section to learn more! THE PROCESS Open die forging is a manufacturing process where heated metal is shaped and densified by applying great hydraulic pressure to the part between a top and bottom die. Compared to other metalworking processes, like castings, fabrications or weldments, the forging process inherently produces stronger parts by achieving contoured grain flow and fine grain size and by consolidating porosity in the part. < Steelmaking Heat Treat >

North American Forgemasters produces forgings for complex vessels such as cruise ships, ferries, mega-yachts, dredgers, submarines, naval vessels and more. MARKETS > Shipbuilding > FORGINGS FOR NAVAL AND COMMERCIAL SHIPBUILDING When costly delays are not an option, NAF supplies the parts you need for new ships and ships in dry dock. NORTH AMERICAN FORGEMASTERS | WHY CHOOSE US? Our combined capabilities are truly unmatched when it comes to forgings for the shipbuilding industry. We have extensive military specification knowledge and experience with ABS, DNV and other marine agency requirements. Whether your company is building a new vessel, or making repairs, leverage our experience to maximize your bottom line and shorten your supply chain. Our ingot capabilities and extensive furnace sizes allow us to manufacture the heaviest and longest ship shafting required. These shafts can be up to 75ft (22.8m) long. < Power Gen Nuclear >

North American Forgemasters produces forgings for nuclear propulsion and national defense. MARKETS > National Defense > FORGINGS FOR NATIONAL DEFENSE Supplying essential components for national defense programs, NAF is a premier forging partner. NORTH AMERICAN FORGEMASTERS | WHY CHOOSE US? Serving our country with 240+ years of experience, NAF manufactures large forgings for national defense. We use our value-added services to ensure quality, each forging undergoes meticulous heat treatment, rigorous testing and precision machining, resulting in parts of unparalleled quality and reliability for components that rise up to the demands of our military. We understand our forgings are the backbone of mission-critical components, so our commitment to excellence extends to every facet of our operation. < Nuclear Machinery >

To request a quote, obtain a copy of North American Forgemasters' Terms & Conditions, or discuss your specifications, contact us today! REQUEST FOR QUOTE / TERMS & CONDITIONS To request a quote, obtain a copy of our Terms & Conditions, or discuss your specifications, please Contact Us with your information or inquiry. NAF will look into your requirements and a Sales Representative will contact you as quickly as possible. CONTACT US > RFQ / Terms & Conditions >