Graphic courtesy of NuScale Cross-section diagram of small-scale plant using NuScale reactor. Fluor hopes to build commercial-scale plants with the developer. In a move designed to help the financially strapped developer and give the contractor an entry into the emerging market for small nuclear reactors, engineering, procurement and construction giant Fluor Corp. has taken a majority ownership stake in modular nuclear-reactor designer NuScale Power.Fluor's $30-million investment, announced on Oct. 13, will give the Irving, Texas-based company more than 50% ownership of NuScale, based in Corvallis, Ore. The developer will maintain its separate identity and headquarters, says John Hopkins, Fluor group
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.