Fluor said Tuesday it has invested over $600 million in NuScale since 2011 and expects to own about 60 percent of the combined entity upon the deal’s closing, which is expected in the first half of 2022.
Alan Boeckmann, executive chairman of Fluor, said the transaction marks the next step in Fluor’s plan to collaborate with NuScale, the Department of Energy and Congress to commercialize the carbon-free SMR nuclear power technology.
He added that Fluor will continue to partner with NuScale to provide its customers expertise in project management, supply chain support and engineering.
NuScale has secured the Nuclear Regulatory Commission’s Standard Design Approval for SMR, which can provide 77-megawatt modules and can supplement renewable energy sources by integrating the technology into electric grids.
The Defense Health Agency awarded a combined $8.07 billion in contracts to Humana Government Business, Evernorth Federal Services and Ipsos Public Affairs…
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
