Fluor to Provide EPCM Services for Phase One of Northvolt’s Large-Scale Lithium-Ion Battery Facility in Heide, Germany

IRVING, Texas -- Fluor Corporation (NYSE: FLR) announced today that its Advanced Technologies & Life Sciences business has been awarded an engineering, procurement and construction management (EPCM) services contract for Phase One of Northvolt’s large-scale lithium-ion battery factory in Heide, Germany. Fluor will recognize its undisclosed portion of the total $4.8 billion (€4.5 billion) project in the second quarter of 2024.

Northvolt, headquartered in Sweden, manufactures batteries for consumer and industrial products, electric vehicles and solutions for energy storage systems.

“We are pleased to partner with Northvolt to deliver cutting-edge facilities for the manufacturing of vehicle batteries that will advance the global evolution from fossil fuels to renewable energy across the transport sector,” said Richard Meserole, President of Fluor’s Advanced Technologies & Life Sciences business.

Fluor’s scope of work includes construction of the utilities and chemical units for the greenfield campus. Completion is scheduled for 2027.