29 2025 INTEGRATED REPORT MARKET OVERVIEW According to the International Energy Agency, the world has entered the "Age of Electricity", with global energy demand rising each year as industrial production grows, air-conditioning use increases, electrification accelerates, and AI-driven data center expansion surges worldwide. Capital expenditures in the coming years will focus on building new generation facilities, modernizing existing assets, and expanding the transmission and distribution networks needed to support them. WHAT WE DELIVER Shifting market dynamics and more balanced contract structures are creating opportunities in gas-fired power while supporting continued progress in Fluor’s nuclear portfolio. For more than 80 years, we have been a trusted partner in both markets by installing over 50,000 megawatts of gas‑fueled generation capacity and providing maintenance, modifications, and operating‑plant support services for 90 nuclear reactor units. Today, we are building on our long-standing nuclear legacy by helping drive the modern nuclear renaissance. We are delivering projects around the world across a diverse range of emerging and proven technologies, positioning our clients and the industry for a resilient and secure energy future. Capabilities at a Glance Gas-fueled power With over 300 installed units at 160 plants globally, we work closely with all major gas turbine, steam turbine, and heat recovery steam generator manufacturers on: ` Simple cycle power generation ` Combined cycle power generation ` Cogeneration power and steam production facilities Nuclear energy Fluor has extensive experience in the nuclear energy industry, safely completing projects dating back to 1946. Our nuclear project services capabilities include: ` Small modular reactors (SMR) ` Conventional nuclear new build ` Nuclear fusion technology Visit fluor.com to learn more about our power capabilities. EXPANDING FLUOR'S EUROPEAN FOOTPRINT Fluor recently opened our newest European office in Bucharest, Romania, to advance next-generation nuclear energy projects in the region. Fluor holds a significant role in Romania’s nuclear energy development, providing engineering, design, licensing, and project management services for two major projects: the advanced SMR project in Doiceşti and the expansion of the existing Cernavodă nuclear power plant. NUCLEAR POWER PLANT Cernavodă, Constanța, Romania ROPOWER PROJECT Doiceşti, Dâmbovița, Romania NEWEST FLUOR OFFICE Bucharest, Romania Leadership and Governance Our Key Markets Our Impact Who We Are
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