Fluor Corporation has announced that NuScale Power, in which Fluor is the majority investor, has signed a merger agreement with Spring Valley Acquisition Corp.
Irving engineering giant Fluor will soon be without a namesake leader for first time since 1912
Peter J. Fluor, great-grandson of the founder, is retiring after 37 years on the company’s board.
Fluor Corp. headquarters in Irving.(none - Fluor Corp.)
Peter J. Fluor, great-grandson of the founder of Irving-based engineering and construction giant Fluor Corp., is retiring from the company’s board of directors marking the last family member to serve as a leader of the firm founded in 1912.
Fluor has served on the company’s board since 1984, including the lead director role from 2003 to 2020. His great-grandfather, John Simon Fluor, expanded the company initially by building oil refineries, pipelines and other energy industry facilities in California, the Middle East and globally. It later diversified into a broad range of projects.
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NuScale Power gets $40M Equity Investment from a Japanese Firm that Will Also Be Its EPC
NuScale Power announced April 5 on that it has completed an investment and strategic partnership agreement with JGC Holdings Corporation (JGC HD), a holding company of one of the world’s leading EPC contractor group companies headquartered in Japan.
As part of a commercial relationship with Fluor Corporation, NuScale’s majority investor and EPC partner in the United States, JGC HD will provide a $40 million cash investment in NuScale Power and partner with Fluor on the deployment of NuScale Power Plants.
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Fluor awarded reimbursable services contract
IRVING, January 13, 2021 Fluor Corporation has announced that Utah Associated Municipal Power Systems (UAMPS) awarded the company a cost-reimbursable development agreement to provide estimating, development, design and engineering services for its Carbon-Free Power Project. Fluor will book the initial undisclosed value in the first quarter of 2021 and as it accrues. “Fluor’s development agreement with UAMPS for its Carbon-Free Power Project is a monumental milestone toward providing clean load following, base load energy for UAMPS members using NuScale Power’s unique small modular reactor design,” said Alan Boeckmann, executive chairman of Fluor. “Fluor has been a preeminent player in the nuclear industry for 70 years and is well positioned to assist UAMPS and the DOE to accomplish their objectives to provide carbon-free energy for its customers and to deploy a commercially viable small modular reactor with safety, secu