Fluor to invest in SMR technology company NuScale Power

Engineering services company Fluor has committed to making an investment exceeding $30m (£19m) in NuScale Power, an Oregon-based small modular reactor (SMR) technology company.

The announcement was made in Washington DC at the National Press Club, by Fluor and NuScale executives with key members of the US House of Representatives, along with industry and regulatory leaders in attendance.

As part of its investment, Fluor has purchased the company’s shares that had previously been in US Securities and Exchange Commission (SEC) receivership and has become NuScale’s majority shareholder.

Going forward, NuScale will continue to operate as an independent company.