GE Steam Power’s activities include the production of conventional island equipment for the new nuclear power facilities. Credit: Lukáš Lehotský on Unsplash.

French state-owned electric utility company Électricité de France (EDF) has signed a binding agreement with General Electric (GE) to acquire GE Steam Power’s nuclear activities.

GE Steam Power’s business activities include the production of conventional island equipment for the new nuclear power facilities including Arabelle steam turbines.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Its business activities also comprise maintenance and upgrade services for the existing nuclear power plants located in the Americas, as well as overseas locations.

The deal also includes steam turbine technology for future nuclear plants, such as the European pressurised reactors (EPR2) and small modular reactors (SMR).

The binding agreement between the two companies builds on the process, which first began in February this year.

See Also:

Following the sale, GE noted that it plans to focus on its gas turbine and renewable energy businesses

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In a statement, GE said: “This acquisition will enable EDF Group to strengthen the technologies and skills around the conventional island which are essential for the maintenance of the existing nuclear fleet and future projects.”

Completion of the deal is subject to customary closing conditions including regulatory approvals and is expected to take place in the second half of 2023.

In September this year, bp North America agreed to acquire EDF Energy Services to expand its presence in the US retail power and gas business.

EDF ES is engaged in the supply of power, natural gas, and related services to commercial and industrial (C&I) customers across the US.

Its customer base includes retailers, universities, manufacturers, municipalities, and power generators, but does not cover residential consumers.