Électricité de France (EDF) and General Electric (GE) have reached an agreement under which the former will acquire part of the nuclear power activities of GE Steam Power.
The proposed deal includes GE Steam Power’s conventional island equipment for new nuclear power plants such as the Arabelle steam turbine, along with maintenance and upgrades for operating nuclear power plants.
Part of the deal is steam turbine technology for future nuclear plants, which includes the next generation of European pressurised reactors (EPR2) and small modular reactors (SMR).
The agreement follows media reports last September that EDF and GE were in preliminary discussions over a deal related to GE Steam Power.
As per the agreement, the deal will not include GE’s services-focused steam power business. Through the business, GE expects to continue offering services for over 100GW of nuclear turbine islands in the Americas region.
GE said that it is committed to the nuclear sector and will continue investing in next-generation technology.
The nuclear activities and teams that will be part of the proposed deal are based in nearly 15 countries. Around 70% of the workforce is in France.
The proposed deal, which is subject to regulatory requirements and other customary closing conditions, is anticipated to close in the first half of 2023.
For more information visit EDF’s website.