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.
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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.
