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Fluor’s NuScale Power Submits Small Modular Nuclear Reactor Design Certification to U.S. Nuclear Regulatory Commission

Thursday, January 12, 2017 4:16 pm EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022
"NuScale’s technology can meet that challenge with clean and reliable power, thereby improving the environment and quality of life."

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that NuScale Power (NuScale), in which Fluor is the majority investor, completed and formally submitted its design certification application to the U.S. Nuclear Regulatory Commission (NRC) for NuScale’s small modular nuclear reactor commercial power plant design. The reactor 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 continues to be proud of its investment in NuScale and how the company has rapidly moved through the design certification application process, and we are eagerly awaiting NRC review and approval,” said David Seaton, Fluor’s chairman and CEO. “We believe that the future of the U.S. nuclear industry is in small modular reactor technology and that NuScale is uniquely positioned as the only U.S. company that offers it.”

“The world’s demand for electricity and clean water will increase significantly over the next several decades,” said John Hopkins, CEO of NuScale. “NuScale’s technology can meet that challenge with clean and reliable power, thereby improving the environment and quality of life.”

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.

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 our 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 $18.1 billion in 2015 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.

Multimedia Files:

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from left to right - Tom Bergman (NuScale Vice President of Regulatory Affairs), Dale Atkinson (NuScale Chief Operating Officer and Chief Nuclear Officer), Vonna Ordaz (USNRC, Acting Director, NRC Office of New Reactors [NRO]), and Mike Johnson (USNRC, Deputy Executive Director for Operations [aka DEDO]) (Photo: Business Wire)
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Contact:

Fluor Corporation
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Brian Mershon, 469-398-7621
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Brett Turner, 864-281-6976
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Investor Relations
Geoff Telfer, 469-398-7070
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Jason Landkamer, 469-398-7222

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