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NuScale Power Secures $40 Million Investment, Support for SMR Deployment from JGC Holdings Corporation

NuScale Power Secures $40 Million Investment, Support for SMR Deployment from JGC Holdings Corporation
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Japan's JGC invests in NuScale Power : New Nuclear - World Nuclear News

06 April 2021
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Japanese engineering, procurement, and construction firm JGC Holdings Corporation (JGC HD) has agreed to invest USD40 million in small modular reactor developer NuScale Power. It will also partner with Fluor Corporation - NuScale s majority investor - on the deployment of NuScale power plants.
How a NuScale SMR plant could look (Image: NuScale)
JGC HD said it will invest USD40 million in NuScale through a special-purpose company established by JGC s US subsidiary. It plans to participate in NuScale s first SMR plant through JGC Corporation, the group company that handles overseas EPC business. JGC Corporation will collaborate with Fluor.
In the medium and long term, JGC Corporation will work with Fluor to secure and execute SMR EPC projects on a global basis, and intends to seek opportunities in integrating SMRs with renewable energy, as well as with hydrogen production and seawater desalination, JGC said. ....

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NuScale Power Secures $40 Million Investment, Support for SMR Deployment from JGC Holdings Corporation

NuScale Power Secures $40 Million Investment, Support for SMR Deployment from JGC Holdings Corporation
Tuesday, April 6, 2021 1:45PM IST (8:15AM GMT)
Signaling a new wave of Japanese interest in NuScale Power, JGCHD will support future deployments of NuScale SMRs

Portland, Ore., United States:

NuScale Power today announced that it has finalized an investment and strategic partnership agreement with JGC Holdings Corporation (JGC HD), a holding company 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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NuScale announces Japanese investment in SMR

NuScale announces Japanese investment in SMR
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NuScale announces Japanese investment in SMR
PORTLAND, Ore. (KIFI) - A holdings company will provide a $40 million cash investment in NuScale Power and partner with Fluor on the deployment of NuScale Power Plants.
JGC Holdings Corporation is a holding company of the world’s leading EPC contractor group companies headquartered in Japan. It is the first commercial relationship and investment in NuScale Power from a Japanese-based company.
“JGC HD’s investment and partnership with NuScale Power is a welcome endorsement of our SMR technology and its international viability,” said NuScale Chairman and Chief Executive Officer John Hopkins. “NuScale looks forward to demonstrating how our cleaner and safer advanced nuclear technology can bring numerous benefits – economic and environmental – to countries around the world as they seek innova ....

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