NuScale / Reactor Company Announces $40 Million Investment From Japan-Based Group

Agreement is ‘indicative of growing interest in SMR technology’
Reactor Company Announces $40 Million Investment From Japan-Based Group
A computer-generated image of a NuScale SMR nuclear power plant. Courtesy NuScale.
NuScale Power announced on Monday that it has finalised an investment and partnership agreement that includes a $40m cash investment for the deployment of the company’s nuclear power plants.

The Oregon-based company said the agreement was with JGC Holdings Corporation (JGC HD), a holding company of a number of leading engineering procurement and construction (EPC) contractor group companies headquartered in Japan. JGC HD will provide the investment as part of a commercial relationship with Fluor Corporation, NuScale’s majority investor and EPC partner in the United States.

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