Fluor Moves Into Small Reactors With NuScale Buy

October 2011
Energy Daily;10/14/2011, Issue 198, p1
The article reports that Fluor Corp. of Dallas, Texas is moving into the emerging market for small, modular reactors (SMR) as it acquired a controlling stake in NuScale Power LLC. NuScale had been a leader in the SMR market before being financially marooned due to the legal problems of majority owner, hedge fund Michael Kenwood Group LLC. The article also mentions that many members of the U.S. National Rural Electric Cooperatives Association (NRECA) saw SMRs as a key power generation option.


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