US-based nuclear technology developer NuScale Power announced on Thursday that South Korea’s Samsung C&T Corporation has committed to make an equity investment in NuScale to support deployment of its small modular reactor.
Samsung C&T and NuScale’s lead engineering, construction and procurement partner, Fluor Corporation, are also developing a business collaboration agreement to expand capabilities for future deployment of NuScale projects.
Under its agreements with NuScale and Fluor, Samsung C&T will draw upon its nuclear construction experience with the Barakah nuclear station in the United Arab Emirates and the Uljin station in South Korea, where it worked on Units 5 and 6, to serve as a partner to Fluor and other potential project participants.
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