Building Public Market Bellwethers

Robert Kaplan serves as Chief Operating Officer and Head of Business Development of Spring Valley V and Spring Valley IV since their respective inceptions. Mr. Kaplan previously served as Chief Operating Officer and Head of Business Development of Spring Valley III from its inception in March 2025 until the closing of the General Fusion merger in July 2026. Mr. Kaplan served as Chief Financial Officer and Vice President of Business Development of Spring Valley II from its inception in November 2020 until the closing of the Eagle Nuclear Energy merger in February 2026, at which time Mr. Kaplan began serving as a member of the board of directors of Eagle, a position he held until September 2026. Mr. Kaplan also served as Vice President of Business Development of Spring Valley I from its inception in November 2020 until the closing of the NuScale merger in May 2022.

Mr. Kaplan has over 20 years of investment banking experience in the decarbonization industry. Mr. Kaplan has been involved in over 60 transactions totaling approximately $6 billion in transaction value, with notable deals including First Solar, Plug Power, FuelCell Energy, Renewable Energy Group and SunPower Corporation. Mr. Kaplan was most recently Managing Director of Clean Technologies/Renewables at Stifel Financial Corp. (“Stifel”). In this role, Mr. Kaplan was responsible for the firm’s capital markets and advisory services in various decarbonization subsectors, including clean energy, biofuels, energy storage, energy efficiency, mobility and environmental technologies. He joined Stifel in 2010 in connection with Stifel’s acquisition of Thomas Weisel Partners Group, Inc. (“TWP”). Mr. Kaplan joined TWP in 2007 as a Vice President in the Technology investment banking group with a focus on decarbonization technologies. Prior to joining TWP, Mr. Kaplan began his investment banking career at First Albany where he was a founding member of one of the first decarbonization-focused banking franchises on Wall Street. During his tenure at First Albany, he completed many of the industry’s first public offerings in various decarbonization subsectors, such as solar, alternative fuels, mobility, fuel cells and the smart grid. Mr. Kaplan received a BS in Finance from Lehigh University and an MBA from the NYU Stern School of Business.

Mr. Schramm serves as Chief Financial Officer of Spring Valley V and Spring Valley IV since their respective inceptions. He previously served as Chief Financial Officer of Spring Valley III from its beginning in March 2025 until the General Fusion merger closed in July 2026. Schramm served as Partner of Spring Valley II from its start in January 2021 until the closing of the Eagle Nuclear Energy merger in February 2026, and he served as the Chief Financial Officer of the Sponsor to Spring Valley. Schramm served as Chief Financial Officer of Spring Valley I from November 2020 until the NuScale Power merger closed in May 2022, and also served as Chief Financial Officer of the Sponsor from its outset in September 2020 until December 2023.

Schramm has more than 30 years of leadership experience in advanced materials and specialty chemical organizations, with a deep understanding of the sustainability sector. He has raised significant debt and equity capital across his career and managed finance, accounting, customer service, human resources, and information technology functions for multiple industrial platforms.

Prior to Spring Valley, Schramm served as Chief Financial Officer of Lehigh Technologies, Inc. from 2009 until 2019. There, he built the company’s financial and administrative functions and played a key role in its eventual sale to Michelin as part of Michelin’s sustainability initiative. Previously, he served as Vice President of Finance for Euramax International, Inc. (now Omnimax) from 2007 to 2009, managing a multi-location finance team that supported close to $1 billion in annual sales across its Exterior Products and Fabral divisions. From 2000 to 2007, Schramm was North American CFO for the Pulp & Paper and Water Treatment specialty chemical businesses at Kemira Chemicals (formerly Vulcan Performance Chemicals). There, he was a key member of the acquisition teams for the Lanxeses Pulp & Paper chemicals business and FinnChem USA’s Pulp & Paper business. He began his career at Milliken & Company from 1993 to 2000, progressing from Accounting through Controllership before serving as Financial Planning & Analysis Manager in Procurement, where he helped reduce raw material costs by 7%, or $100 million.

Mr. Schramm holds a B.S. in Corporate Finance and Investment Management from the University of Alabama and an M.B.A. from LaGrange College.