Fluor signs contract with X-Energy for advanced nuclear project in Texas

Fluor (FLR) announced that it has entered into a contract with X-energy to support the company’s proposed advanced nuclear project at Dow’s UCC Seadrift Operations in south Texas. Under the agreement, Fluor will initially deliver Front-End Loading Stage 2 services. FEL-2 focuses on project definition, strategic planning, feasibility assessment, cost control and risk mitigation. Fluor will recognize the undisclosed contract value for this initial portion of work in the first quarter of 2026. The X-energy project proposes to develop four, 80-megawatt small modular reactor (SMR) units to supply Dow’s Seadrift site with safe, reliable, carbon-free electricity and industrial steam, replacing aging energy and steam infrastructure. The project is supported by the U.S. Department of Energy’s Advanced Reactor Demonstration Program, which accelerates the commercialization of advanced nuclear technologies through cost-shared partnerships with industry. A construction permit application was submitted in March 2025 and is currently being reviewed by the U.S. Nuclear Regulatory Commission.