IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the company was awarded an engineering services contract by eSolar, Inc., for the design of a 46 megawatt concentrating solar power (CSP) plant. Fluor will provide design optimization to rapidly scale eSolar’s 46 megawatt power plants. The undisclosed contract value was booked in the company’s third quarter of 2009.
“Fluor is well-positioned to play a leading role in the global EPC renewable energy market,” said Dave Dunning, president of Fluor’s Power Group. “Our proven expertise in designing and building power generation facilities will further validate and strengthen eSolar’s technological advancements and bolster their ability to deploy their unique design worldwide to meet their business agenda.”
“We believe that Fluor’s superior engineering strength will lead to faster and broader deployment to meet the rising global demand for renewable energy. With our first 5 MW power plant in the ground and delivering electricity to the grid, we are thrilled to have Fluor onboard to help scale this new breakthrough in solar technology to meet customer demand,” said Bill Gross, chief executive officer of eSolar.
Fluor’s southern California operations center is leading the effort on this project with an immediate start date. Fluor will perform detailed studies focused on optimizing performance, constructability and cost. This will include basic engineering for a reference plant design that will be used to provide a scalable design package to potential developers worldwide.
Over the last three decades, Fluor’s experience in the renewables sector includes work in the solar, wind, nuclear, geothermal and air quality improvement sectors. Earlier this year, Fluor’s Power Group created a dedicated business line to specifically address the needs of the global renewable energy market.
About eSolar
eSolar is an Idealab company founded in 2007 to develop, construct and deploy modular, scalable solar thermal power plants. eSolar's approach marries a low-impact, pre-fabricated form factor with advanced optics and computer software engineering to meet the demands of utilities of any size for clean, renewable and cost-competitive solar energy. By focusing on the key business obstacles that have characterized large solar installations — price, scalability, speed of deployment and grid impact — eSolar has developed a proprietary solution to make a dramatic reduction in the cost of solar thermal technology. eSolar is based in Pasadena, California. For more information please visit http://www.esolar.com/.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22.3 billion in 2008. For more information, visit www.fluor.com.
Fluor CorporationMedia Relations:Keith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222