nuclear-news

EDF exploring sale of stakes in modular reactor subsidiary Nuward

 French nuclear rnergy group looking to sell down holding in Nuward to lock in clients and fund development. French nuclear energy group

EDF is seeking investment
partners in Europe to help fund its small reactor venture as it looks to
make up ground against Rolls-Royce and dozens of smaller start-ups
globally. The fundraising effort could also bring in potential buyers of
the small modular reactor technology to lock them in as clients.

The state-owned company, which runs Europe’s biggest fleet of 57 large-scale
reactors in France, is finalising a second SMR design through its Nuward
subsidiary after abandoning a first effort that was too complicated two
years ago.

It now wanted to press ahead with a commercial launch of the
Nuward SMR from 2029, and would seek board approval for those plans on
Thursday, three people familiar with the matter said. EDF was also working
to bring new investors into the subsidiary, two of the people added,
potentially leaving the utility as a minority holder of Nuward. Interested
parties could include countries such as Belgium, Finland and Poland that
already have or are building nuclear plants, and others which do not rely
on the technology, such as Greece or Italy, they added.

 FT 30th July 2026, https://www.ft.com/content/34d2542b-8818-4d51-b934-e3baabebf93d

July 31, 2026 - Posted by Christina Macpherson | France, Small Modular Nuclear Reactors