Fluor Corporation’s nuclear energy unit NuScale Power will be going public through a merger with a SPAC.
The business combination with Spring Valley Acquisition Corp. is set to be completed in the first half of next year. Irving-based Fluor (NYSE: FLR) expects to own about 60% of the combined company.
“Fluor expects that the proposed transaction will bolster and accelerate the path to commercialization and deployment of NuScale Power’s unique small modular nuclear reactor…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
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