Fluor to collaborate with Bulgarian energy holding company for potential new nuclear power plants

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IRVING, Texas – (COMMERCIAL THREAD) – Fluor Corporation (NYSE: FLR) today announced the signing of a memorandum of understanding with Bulgarian energy company EAD for the study of new nuclear units in Bulgaria. Bulgarian Energy Holding is made up of a group of companies active in the market of generation, supply and transmission of electricity, transportation, supply and storage of natural gas and coal mining in Bulgaria. .

“This new agreement illustrates Fluor’s strategy to provide decarbonization solutions to support the global transition to clean energy,” said Jim Breuer, group president of Fluor’s Energy Solutions segment. “Fluor has unparalleled experience in the nuclear industry. Coupled with its proven investment and project capabilities with NuScale Power’s unique small modular reactor technology, Fluor is positioning itself as a leader in this global imperative.

Fluor and Bulgarian Energy Holding have agreed to cooperate to assess potential program management services, initial engineering, assessment of existing coal-fired power plant fleet for potential small modular nuclear reactor reallocation projects, and assessment Bulgarian supply chain and other related services.

“The need to implement clean, safe and reliable energy in Kozloduy is well understood in Bulgaria and Eastern Europe,” said Valentin Nikolov, Managing Director of Bulgarian Energy Holding. “Fluor is a leading engineering, procurement, construction and project management services company in the field of energy transition. Coupled with NuScale’s small modular nuclear reactor technology, we can achieve European and Bulgarian policy goals in a more diverse electricity market, improve the security of energy supply and add sufficient value to the national gross domestic product. .

Fluor has served the nuclear industry for over 70 years, including assistance in the design and construction of more than 25 nuclear power plants, as well as nearly 100 million hours of operations and nuclear maintenance.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its customers’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed and profitable projects to customers around the world. Fluor reported 2020 revenues of $ 14.2 billion and is ranked 196 among the Fortune 500 companies. Headquartered in Irving, TX, Fluor provides engineering, procurement and engineering services. construction for over 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

About NuScale Power

NuScale Power has developed a new modular light water reactor nuclear power plant to provide power for power generation, district heating, desalination, hydrogen production and other process heat applications. This revolutionary Small Modular Reactor (SMR) design features a fully factory-built NuScale Power Module ™ capable of generating 77 megawatts of electricity using a safer, smaller, and scalable version of nuclear reactor technology. pressurized water. NuScale’s scalable design (power plants that can accommodate up to four, six or 12 individual power modules) delivers the benefits of carbon-free power and reduces the financial liabilities associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement and construction company with a 70-year history in commercial nuclear power.

NuScale is headquartered in Portland, Oregon, and has offices in Corvallis, Oregon; Rockville, Maryland; Charlotte, North Carolina; Richland, Washington; and London, UK. Follow us on twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power and Instagram: nuscale_power. Visit the NuScale Power website.



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