Fluor Announces $40M Investment in NuScale Power by JGC Corporation

Source: www.gulfoilandgas.com 4/5/2021, Location: Asia

Fluor Corporation announced that JGC Holdings Corporation of Japan invested $40 million into NuScale Power LLC, a leading small modular nuclear reactor (SMR) technology company in which Fluor is the majority investor. In addition to JGC’s ownership interest, JGC will become a global strategic engineering, procurement and construction (EPC) partner for new SMR projects.

“This new ownership stake and partnership with JGC is aligned with Fluor’s long-term strategy to bring aboard new strategic investors to NuScale as the U.S. and international demand for new carbon-free base-load energy grows,” said Alan Boeckmann, executive chairman, Fluor Corporation. “Fluor has been collaboratively executing projects with JGC for more than 10 years and we believe JGC is an ideal partner for effectively bringing this innovative carbon-free energy transition solution to realization.”

Fluor and NuScale are currently working for Utah Associated Municipal Power Systems (UAMPS) to bring the world’s first carbon-free SMR project to commercialization.

In addition to previously announced strategic partners and investors in NuScale, both Fluor and NuScale continue to engage with potential customers, capital investors, manufacturers and other supply chain partners for NuScale SMR deployment efforts.

Fluor has been serving the nuclear industry for more than 70 years including the design and construction support for more than 25 nuclear plants, plus nearly 100 million hours of nuclear operations and maintenance work.


India >>  5/10/2021 - Technip Energies (TE) has been awarded a large Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limi...
Finland >>  5/4/2021 - Vestas has been selected by Neoen to deliver a full EPC turnkey solution to the 404 MW Mutkalampi project in western Finland. Aside from responsibilit...

United States >>  4/29/2021 - Venture Global LNG announced a new partnership with Zachry Group in the development of the Plaquemines LNG export project. This follows the company’s ...
Saudi Arabia >>  4/28/2021 - Lamprell, international service provider to the energy industry, has been awarded an Engineering, Procurement, Construction and Installation (EPCI) ...

India >>  4/26/2021 - - EPCC contract awarded by Indian Oil Corporation Limited for the implementation of a new Para-Xylene plant in Paradip, in the state of Odisha, in Eas...
United States >>  4/21/2021 - CF Industries Holdings, Inc. has signed an engineering and procurement contract with thyssenkrupp for the Company’s green ammonia project at its Donal...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.