Business Incubation
Business Incubation
Fluor's business incubation platform connects startups, industry and investors with in‑house expertise to enable or co‑develop technically and commercially viable solutions as an early engagement thought partner.
EPC Thought Partner
Fluor plays a vital role in the disruptive technology innovation ecosystem as an engineering, procurement and construction (EPC) thought partner. We provide a platform that supports early stage startups with the industrial experience needed to help enable scalability and techno-economic viability.
Our business incubation team champions this platform, fostering a strategic focus on climatetech, carbontech and sustainable industrial solutions. We provide nimble, unstructured access to our global network of cross-industry experts for high-impact engagement.
Scaleup and Commercialization
We are uniquely positioned to support innovators and early stage startups in navigating both scaleup and commercialization pathways. Key differentiators include:
As a world-class EPC provider owning 15 licensed technologies, we deliver expertise in both technology development as well as project execution.
Fluor is technology neutral, and we work with the right technology for any given project or client. We prioritize designing, scaling and building with excellence.
We have an extensive portfolio of active patents and 1,300 subject matter experts across the globe.
Techno-economic Viability
Through thought partnership, our business incubation team helps our partners analyze and co-develop their solutions across all critical factors driving techno-economic viability, including:
Techno-economic analysis and scalability
Design optimization and case configuration
Balance of plant and total system integration
Pilot plant planning and execution
Commercialization pathway
Industrial partnerships
Supply chain and commercial strategies
Estimating and project planning
Constructability and fabricability
Maintainability and operability
Technology Focus
Fluor's business incubation platform works in concert with each of our business groups, focusing on disruptive technologies with industry-defining potential. Recent and active engagements are reflected below, while our experts continue to explore opportunities within other emerging innovation areas.
Energy Solutions
• Carbon capture
• Carbon to value
• Direct air capture
• Carbon mineralization and storage
• Hydrogen – green, blue and turquoise
• Sustainable aviation fuel
• E-fuels
• Long duration energy storage
• Waste to energy
• Low carbon cement/concrete
• Methane capture
• Seaweed and algae
Urban Solutions
• Green/low carbon emission steel
• Sustainable aluminum
• Carbon nanotubes
• Sustainable mining/tailings recovery
• Lithium extraction
• Recycling plastics and batteries
• Sustainable food/alternative protein
Mission Solutions
• Nuclear fusion
• Advanced nuclear technology
• Energy resilience
Technology Accelerators
Technology accelerators have become integral to disruptive technology startups, offering mentoring, educational programming, industry networking and visibility.
Carbon to Value (C2V) Initiative
Since 2021, we have served as an active Carbontech Leadership Council (CLC) partner on the Carbon to Value (C2V) Initiative. With this initiative, we are helping to unlock a new carbontech economy by bringing innovative solutions to scale as rapidly as possible through the creation of a robust, powerful and collaborative new ecosystem. In 2022, Fluor stepped forward to take on an even greater responsibility as the Cohort Champion, leading the startups and serving as principal amongst the CLC.
In 2024, Fluor launched the Naval Nuclear Laboratory Innovation Studio to help participants accelerate the development of their technologies and businesses while shaping the future of naval nuclear propulsion. Managed by Fluor’s business incubation team on behalf of the Naval Nuclear Laboratory, the Innovation Studio crafts each program track based upon the specific needs of the individual participant and the development challenges they face. Open to companies or teams of any stage or size, the Innovation Studio offers a custom curated experience focusing on technical areas including energy, industrial automation, smart manufacturing, next gen materials and artificial intelligence.
Accelerator Testimonials
Fluor has been a tremendous partner for the Carbon to Value Initiative (C2V), always going above and beyond to support the startups and the growth of the ecosystem. They were extremely hands-on and collaborative and established tangible results for several companies. The sharing of their rich technical and industry networks and deep understanding of early-stage innovation is particularly unusual for an EPC company. We hope C2V's journey with Fluor continues as their contribution has had a real impact on the startup’s successes and is praised across all cohorts.
Frederic Clerc
C2V Initiative Director, Urban Future Labs
Working with the Fluor team for Year 2 of the Carbon to Value Initiative was an excellent experience. They proved to be an incredibly engaged partner, always eager to add value through their in-house expertise and resources, and making every effort to be present and involved throughout all aspects of the program. Over the year-long engagement, they illustrated careful and thoughtful decision making. It was very rewarding to work with a partner that was so devoted not only to coaching and helping the startups selected to the program, but to collaborating with the program partners in a deep and meaningful way.
Marinna Teixeira
Director of Programs, Greentown Labs
&w=3840&q=75)
Government Grants
Fluor has been a valuable tech-to-market partner on government grants for startups, founders and industrial owners and operators in the United States, Europe and Canada. Industrial tech-to-market partners have become vital to startups and technology innovators in their ability to secure and execute technology development scope funded by non-dilutive government grants.
DAC Hub Grant with RMI
Fluor is part of a winning consortium receiving a grant from the U.S. Department of Energy (DOE) to study the feasibility of a first-of-a-kind hub for direct air capture (DAC) in the Pacific Northwest. Working alongside RMI and other partners, this project would permanently remove past carbon dioxide emissions from the atmosphere and store them in subterranean basaltic rock.
DAC Hub Grant with CarbonCapture
Fluor is partnering with CarbonCapture Inc. among other partners on the construction of the Wyoming Regional Direct Air Capture (DAC) Hub. Receiving a $12.5 million DOE grant, this project will significantly accelerate the deployment of DAC-based carbon removal in the United States.
Strategic Partnerships
Fluor's business incubation team leads partnership formation with prominent startups and ecosystem stakeholders. Partnerships include:
EPC thought partnership, unstructured framework
Accelerators, structured framework
Government grants, tech-to-market partner
Tech integration: Fluor licensed technology in conjunction with startup tech
Client Testimonials
Fluor's business incubation platform gives clients and partners the opportunity to engage with our global network of cross-industry experts. We are proud to work with innovative organizations who are exploring emerging technologies to build a sustainable future.
