Fluor and NuScale Power Poised for Utah Associated Municipal Power Systems (UAMPS) Carbon-Free Power Project Next Steps
Fluor Corporation (NYSE: FLR) announced that UAMPS has been awarded up to $1.355 billion in funding from the U.S. Department of Energy for NuScale Power’s small modular nuclear reactor project. Fluor aims to assist in the development of the Carbon Free Power Project, a 720-megawatt plant in Idaho using 12 NuScale SMRs, set to deliver reliable, carbon-free electricity. With a global footprint, Fluor seeks opportunities in various regions to deploy these technologies, leveraging over 70 years of experience in the nuclear sector.
- Secured up to $1.355 billion funding from the DOE for the Carbon Free Power Project.
- Strong potential for commercialization of the world's first clean energy small modular reactor.
- Expanding opportunities for global deployment of carbon-free nuclear energy solutions.
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IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that UAMPS was awarded a funding vehicle that could provide up to
“Together with the U.S. Nuclear Regulatory Commission staff’s recent approval of NuScale’s design, this potential funding from DOE and Congress will help launch an important new sustainable, carbon-free base load energy technology,” said Carlos Hernandez, chief executive officer, Fluor. “The active engagement and support for new carbon-free technology by the U.S. Congress and Administration helps to further advance this safe and cost effective new energy project.”
“Fluor is a leader in implementing innovative, sustainable solutions for its clients and we look forward to working with UAMPS on this project.”
Also, with the U.S. International Development Finance Corporation’s (DFC) recent approval for potentially financing global carbon-free nuclear energy projects, both Fluor and NuScale’s global footprint and expertise is vital for countries needing new carbon-free base load energy. In addition to the UAMPS project, potential opportunities include stakeholders in the United Kingdom, Canada, central and eastern Europe, southeast and central Asia, Africa and the Middle East. Over the past two years, NuScale has initiated memoranda of understanding with several domestic and international entities to explore the potential deployment of NuScale carbon-free small modular reactor power plants.
“Fluor has been actively engaged with potential investors in NuScale, and the recent enabling milestones have significantly increased the number of interested parties,” said Fluor CEO Hernandez.
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.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. Fluor had revenue of
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