Fluor cooperates with Bulgarian Energy Holding for potential new nuclear power plants

IRVING, Texas – (BUSINESS WIRE) – Fluor Corporation (NYSE: FLR) announced today that it has signed a Memorandum of Understanding (MOU) with Bulgarian Energy Holding EAD to review new nuclear power plants in Bulgaria. Bulgarian Energy Holding consists of a group of companies operating in Bulgaria in the fields of power generation, supply and transmission, natural gas transmission, supply and storage, and coal mining.

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

Fluor and Bulgarian Energy Holding have agreed to cooperate in evaluating potential program management services, front-end engineering, evaluating the existing coal fleet for potential nuclear small modular reactor reuse projects, and evaluating the Bulgarian supply chain and other related services.

“The need to implement safe and reliable clean energy at Kozloduy is well known in Bulgaria and Eastern Europe,” said Valentin Nikolov, CEO of Bulgarian Energy Holding. “Fluor is a leading engineering, procurement, construction and project management service company in the energy transition. In conjunction with NuScale’s small modular nuclear reactor technology, we can achieve European and Bulgarian political goals in a more diversified electricity market, improve energy security and create sufficient added value for the national gross domestic product. ”

Fluorine has served the nuclear industry for more than 70 years, including designing and building support for more than 25 nuclear facilities and nearly 100 million hours of nuclear operations and 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 enable customers around the world to carry out safe, well-executed, and capital-efficient projects. Fluorine had sales of $ 14.2 billion in 2020 and is number 196 among the Fortune 500 companies. Headquartered in Irving, Texas, Fluor has provided engineering, procurement, and construction services for more than 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 energy for power generation, district heating, desalination, hydrogen generation and other process heating applications. This groundbreaking 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 more scalable version of pressurized water reactor technology. NuScale’s scalable design – power plants that can accommodate up to four, six, or 12 individual power modules – offers the benefits of carbon-free energy and reduces the financial obligations associated with gigawatt nuclear power plants. NuScale’s majority investor 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.