Fluor to invest in NuScale Power

16 October 2011 (Last Updated October 16th, 2011 18:30)

Fluor Corporation (Fluor) will invest more than $30m in NuScale Power, a US-based modular reactor (SMR) technology company.

Fluor Corporation (Fluor) will invest more than $30m in NuScale Power, a US-based small modular reactor (SMR) technology company.

Fluor has purchased the company's shares, previously held in receivership, to become the majority shareholder in NuScale.

In addition, Fluor and NuScale have entered into a separate contractual arrangement, where Fluor will provide certain services to NuScale.

It will also have exclusive rights to provide engineering and construction services for NuScale SMR facilities in future.