Corvallis-based NuScale Power completed a $30 million rescue package from Fluor Corp.
Corvallis-based NuScale Power completed a $30 million rescue package from Fluor Corp.
The investment takes NuScale off a financial precipice and gives Fluor a 55 percent stake in its business.
NuScale will ultimately need hundreds of millions of dollars more to bring its modular nuclear reactor to market, but the company now has a degree of financial certainty and a prominent partner to carry its technology forward.
“They validate us, basically, to the market by making this move,” said NuScale chief executive Paul Lorenzini.
Read more at OregonLive.com.
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