Fluor Awarded FEED Contract for World’s First Industrial-Scale Sodium-Ion Battery Production Facility in Sandviken, Sweden

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that its Advanced Technologies & Life Sciences business line has been selected by Altris AB to provide front-end engineering and design (FEED) services for the world’s first industrial-scale sodium-ion battery production facility in Sandviken, Sweden. Fluor recognized the undisclosed contract value in the third quarter of 2023.

“This is a major step forward in battery evolution and the energy transition journey,” said Richard Meserole, president of Fluor’s Advanced Technologies & Life Sciences business line. “We are thrilled that Altris turned to Fluor to help them bring this cutting-edge technology to market that will transform manufacturing to be safer and more sustainable. It is always rewarding when we can help our clients take ideas from concept to commercialization.”

Altris is a Swedish sodium-ion battery maker that develops cathodes, electrolytes, battery cells and the industrialization process for these products. Sodium-ion batteries are inherently safe and easy to recycle because they are mainly comprised of salt, wood, iron and air.

The project will be managed from Fluor’s Farnborough, England office. FEED completion is scheduled for early 2024.