The French government plans to fully nationalize the debt-laden Électricité de France, the sixth largest publicly traded company in France and operator of the 56-unit French nuclear reactor fleet. Currently, EDF is 84 percent state owned.
Despite last year’s announcement from EDF Energy that the startup of Unit 1 at Hinkley Point C would likely be delayed (from late 2025 to June 2026), current progress at the site is receiving praise from the U.K. government.
On January 13, Kwasi Kwarteng, secretary of state for business, energy, and industrial strategy, and Helen Whately, exchequer secretary of the treasury, toured the nuclear new-build project, accompanied by Jean Bernard Lévy, EDF’s chairman and chief executive.
Électricité de France recently announced the formation of an advisory board for NUWARD, France’s small modular reactor project. According to the company, the establishment of the International NUWARD Advisory Board (INAB) is a major step forward in support of the technology’s development.