Fluor Corporation announced that IHI Corporation of Japan is investing $20m into NuScale Power LLC, a leading small modular nuclear reactor technology company in which Fluor is the majority investor.
California-based Fluor said IHI’s immediate investment of $20m might be followed by another $20m later.
In addition to IHI’s ownership interest, IHI will become a global manufacturing partner and have the opportunity to provide design services and heavy manufacturing of the steel plate reinforced concrete wall structures for NuScale SMR projects in which Fluor has the lead role.
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