NuScale is the global leader with its innovative new nuclear generation technology
Fluor
Corporation (NYSE: FLR) announced today that NuScale Power
(NuScale), in which Fluor is the majority investor, has received notice
that its design certification application has been accepted for review
by the U.S. Nuclear Regulatory Commission (NRC). By accepting the
completed application for review, the NRC confirms that NuScale’s
submission addresses all NRC requirements and contains sufficient
technical information to conduct the review. NuScale’s small modular
nuclear reactor (SMR) commercial power plant technology can deliver the
energy diversity needed to power unique energy needs while also
providing a safe, more flexible, carbon-free power generation solution.
“Fluor is pleased that the NRC validated the receipt of NuScale’s design
certification application in such a timely manner,” said David
Seaton, Fluor’s chairman and CEO. “We believe that the future of the
U.S. new-build power generation industry includes NuScale’s small
modular reactor technology and that NuScale is uniquely positioned as
the only U.S. company leading the way.”
“This is a great next step for a new U.S.-based nuclear technology and a
step that affirms NuScale as a true leader in SMR technology
development,” said John
Hopkins, NuScale’s CEO. “The exceptional news that the NRC was able
to accept our application during the 60-day docketing review period is
validation of NuScale’s hard work over the past eight years.”
NuScale’s small modular reactors include scalable plants, and the
facility output can be incrementally increased depending upon the
demand. The technology’s operational flexibility can also be integrated
with other carbon-free renewable energy sources like wind and solar to
provide consistent power and to help enable stable grid performance.
NuScale marked a major milestone on December 31, 2016, when the company
asked the NRC to approve its SMR design, the first submitted in the
United States.
Fluor has supported NuScale
since October 2011 – before the U.S. Department of Energy announced its
cost-sharing program – as part of a long history with nuclear energy.
For more than 60 years, Fluor has been providing the engineering,
procurement, construction and maintenance of nuclear power plants,
thereby helping to provide a long-term clean energy solution in the U.S.
and around the world.
About Fluor Corporation
Fluor
Corporation (NYSE: FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that designs, builds
and maintains capital-efficient facilities for its clients on six
continents. For more than a century, Fluor has served its clients by
delivering innovative and integrated solutions across the globe. With
headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500
list with revenue of $19 billion in 2016 and has more than 60,000
employees worldwide. For more information, please visit www.fluor.com
or follow us on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222