EDF pursues stake sale in Nuward SMR subsidiary to fund 2029 launch

Électricité de France (EDF), the French state‑owned electricity utility, is exploring the sale of part of its ownership in Nuward, the company's small modular reactor (SMR) subsidiary. The aim is to attract new investment partners and raise capital to advance the SMR programme.

EDF plans to use the stake‑sale to lock in future customers and secure funding for a commercial launch of the Nuward SMR expected around 2029. The company will seek board approval for the transaction, and potential investors mentioned include European nations such as Belgium, Finland, Poland, Greece and Italy.