A limited notice to proceed is a short, partial green light from a client that lets a contractor begin specific early work—such as site preparation, ordering long‑lead materials, or hiring crews—before the full contract is signed. For investors it signals that a project is moving from planning toward execution, which can accelerate revenue timing but also exposes the company to early costs and schedule risk if the full contract terms change; think of it as starting the foundation before the final building permit paperwork is complete.
brownfieldtechnical
A brownfield is a property or site that has been previously developed or used—often with existing buildings, infrastructure, or environmental contamination—and is being reused, redeveloped, or expanded rather than built on from scratch. For investors it matters because brownfields can offer cost and time savings compared with starting new (like renovating an old house versus building one), but they also carry risks such as cleanup obligations, regulatory delays, and hidden expenses that affect returns and timelines.
pre-constructiontechnical
Pre-construction is the phase when a building project exists on paper but has not yet broken ground — it includes land purchase, design, permits, financing, and contractor selection. For investors, this stage matters because it carries early-stage risks and costs (like delays, permit denials, or financing shortfalls) and sets the timeline for when the project can start generating revenue; think of it as the planning and shopping list before the construction ‘cooking’ begins.
high-performance computingtechnical
A cluster of very powerful computers, special chips and fast networks designed to tackle huge, complex calculations far faster than a normal PC — like replacing a single delivery van with a synchronized fleet to move a city’s worth of packages. For investors, high-performance computing matters because it enables faster product development, more accurate simulations and data analysis, and new revenue streams for hardware, software and services, making firms that supply or use it potentially more competitive and scalable.
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IRVING, Texas--(BUSINESS WIRE)--
Fluor Corporation (NYSE: FLR) announced today that its Advanced Technologies business has signed a limited notice to proceed (LNTP) with TeraWulf Inc. The agreement covers master planning and pre-construction services for a large-scale brownfield data center campus in North Central Kentucky with access of up to 480 megawatts of grid-connected power. Fluor will recognize its portion of the undisclosed contract value in the first quarter.
Fluor will lead the project from its North American Data Center Execution Hub in Greenville, South Carolina. The LTNP enables Fluor to begin early engineering, master planning and pre-construction activities while the parties finalize definitive engineering, procurement and construction documentation.
TeraWulf develops, owns and operates energy-advantaged, industrial-scale data center infrastructure in the United States, purpose-built for high-performance computing and artificial intelligence workloads.
“TeraWulf is seeking a long-term partner to deliver full integration capabilities on a large scale,” said John Palmer, Fluor Senior Vice President for Advanced Technologies. “TeraWulf values Fluor’s ability to deliver quality and safety without sacrificing speed. Our world class data center team is ready to support this strategic project through disciplined, end-to-end project delivery."
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 23,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2025 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.
