US-headquartered engineering company Fluor Corporation signed a Memorandum of Understanding (MoU) with Bulgarian Energy Holding, a group of companies engaged in the electricity generation, supply and transmission, for the consideration of new nuclear units in Bulgaria.
“This new agreement exemplifies Fluor’s strategy to deliver decarbonisation solutions in support of the world’s clean energy transition journey,” said Jim Breuer, group president of Fluor’s Energy Solutions segment. “Fluor has unparalleled experience in the nuclear industry. Coupled with its investment and demonstrated project capabilities with NuScale Power’s unique small modular reactor technology, Fluor is positioned as a leader in this global imperative.”
Fluor and Bulgarian Energy Holding have agreed to cooperate in evaluating potential program management services, front-end engineering, evaluation of the existing coal-fired fleet for potential nuclear small modular reactor repurposement projects and the assessment of the Bulgarian supply chain and other related services.
“The necessity of implementing safe and reliable clean energy power at Kozloduy is well understood in Bulgaria and Eastern Europe,” said Valentin Nikolov, Chief Executive Officer of Bulgarian Energy Holding. “Fluor is a leading engineering, procurement, construction and project management services company in the energy transition space. Coupled with NuScale’s small modular nuclear reactor technology, we can achieve European and Bulgarian policy goals in a more diversified power market, improve the security of energy supply and add sufficient value for the national gross domestic product.”
NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production and other process heat applications. This groundbreaking small modular reactor design features a fully factory-fabricated NuScale Power Module capable of generating 77 megawatts (MW) of electricity using a safer, smaller and scalable version of pressurised water reactor technology. NuScale’s scalable design offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities.