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April 6, 2022
Japan Bank for International Cooperation (JBIC) has joined Japan NuScale Innovation (JNI) in making a strategic investment of $110 million in NuScale through a purchase of equity from Fluor Corp., who remains the majority owner in NuScale. This investment in NuScale represents an expansion in U.S.-Japanese cooperation to progress the deployment of advanced nuclear energy technology. In 2021, NuScale secured significant investments from Japanese companies, JGC Corporation and IHI Corp., signaling Japanese and global growing interest in NuScale as a climate solution. The investment will solidify JNI's position as the second largest investor in NuScale Power. JBIC is a policy-based financial institution of the government of Japan that conducts lending, investment and guarantee operations while complementing private sector financial institutions, and the organization has a priority to invest in businesses that will protect the global environment. NuScale is headquartered in Portland and has offices in Richland; Corvallis, Oregon.; Rockville, Maryland; Charlotte, North Carolina; and London.