Fluor Awarded Reimbursable Services Contract for North America’s First Small Modular Nuclear Reactor Project by Utah Associated Municipal Power Systems (UAMPS)
Fluor Corporation (NYSE: FLR) has secured a cost-reimbursable development agreement from Utah Associated Municipal Power Systems (UAMPS) for its Carbon-Free Power Project.
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Fluor Corporation (NYSE: FLR) announced today that Utah Associated Municipal Power Systems (UAMPS) awarded the company a cost-reimbursable development agreement to provide estimating, development, design and engineering services for its Carbon-Free Power Project. Fluor will book the initial undisclosed value in the first quarter of 2021 and as it accrues.
A futuristic rendering of the NuScale Power plant (Photo: Business Wire)
“Fluor’s development agreement with UAMPS for its Carbon-Free Power Project is a monumental milestone toward providing clean load following, base load energy for UAMPS members using NuScale Power’s unique small modular reactor design,” said Alan Boeckmann, executive chairman of Fluor. “Fluor has been a preeminent player in the nuclear industry for 70 years and is well positioned to assist UAMPS and the DOE to accomplish their objectives to provide carbon-free energy for its customers and to deploy a commercially viable small modular reactor with safety, security and performance characteristics that exceed the operational capabilities of current certified designs.”
The U.S. Department of Energy (DOE) recently provided UAMPS a multi-year cost-share award for up to
Fluor has been serving the nuclear industry for more than