France's EDF plans 10 small nuclear plants in Europe by 2035

• EDF is developing SMRs using proprietary NUWARD technology through a project involving multiple companies in the nuclear supply chain
• The project could be worth tens of billions of euros and aims for completion by 2035
• EDF is currently in talks with Poland, Belgium, and Finland regarding the possible construction of some of the 10 planned reactors

EDF Plans 10 Small Nuclear Reactors Across Europe by 2035

French state-owned power company EDF announced plans to construct 10 small modular reactors (SMRs) across Europe by 2035 in a project potentially worth tens of billions of euros. EDF Senior Vice President Vakisasai Ramany disclosed the initiative at an event hosted by the company's Italian subsidiary, Edison, on Friday.

Key Details:

• Technology: The SMRs will utilize technology developed by EDF's NUWARD subsidiary
• Target Markets: EDF is currently in discussions with Poland, Belgium, and Finland regarding potential reactor placement
• Timeline: Completion targeted for 2035
• Project Value: Estimated at tens of billions of euros
• Partners: Edison and multiple companies within the nuclear supply chain will participate

Market Implications:

This announcement signals a significant European push toward nuclear energy expansion as countries seek reliable, low-carbon baseload power. SMRs represent next-generation nuclear technology, offering smaller footprints, enhanced safety features, and potentially faster deployment compared to traditional large-scale reactors.

The project aligns with Europe's energy security concerns and decarbonization goals, particularly following recent energy supply disruptions. EDF's focus on multiple European markets demonstrates a coordinated regional approach to nuclear infrastructure development.

The involvement of Edison and various supply chain partners suggests substantial economic activity and job creation across the nuclear sector. For investors, this represents long-term commitment to nuclear technology and potential opportunities in the European energy transition, though the 2035 timeline indicates returns are over a decade away.

The multi-billion euro investment underscores France's continued leadership in nuclear energy and EDF's strategic positioning in Europe's future energy landscape.