JGC HD said it will invest USD40 million in NuScale through a special-purpose company established by JGC's US subsidiary. It plans to participate in NuScale's first SMR plant through JGC Corporation, the group company that handles overseas EPC business. JGC Corporation will collaborate with Fluor.
"In the medium and long term, JGC Corporation will work with Fluor to secure and execute SMR EPC projects on a global basis, and intends to seek opportunities in integrating SMRs with renewable energy, as well as with hydrogen production and seawater desalination," JGC said.
NuScale noted the agreement with JGC marks the first commercial relationship and investment in NuScale Power from a Japanese-based company and is indicative of growing Japanese and global interest in NuScale’s SMR technology.