As part of its investment, Fluor has purchased the company’s shares that had previously been in US Securities & Exchange Commission receivership and has become NuScale’s majority shareholder.
In future, NuScale will continue to operate as an independent company.
In a separate contractual arrangement, Fluor will provide certain services to NuScale as well as have exclusive rights to provide engineering and construction services for future NuScale SMR facilities.
With the assistance of Fluor, NuScale plans to bring its SMR technology to market in a timely manner.
MidAmerican Energy Company president and CEO Bill Fehrman said the collaboration is vital to utilities that are exploring nuclear energy as an option to enhance their future generation portfolio.
