France to Build Small Nuclear Reactors by 2030 in Export Push
- State-controlled utility EDF to benefit from France’s decision
- EDF is struggling to complete a new model of reactors at home
Emmanuel Macron during his “France 2030” presentation in Paris, on Oct. 12.
Photographer: Ludovic Marin/AFP/Getty ImagesThis article is for subscribers only.
The French government will help state-controlled utility Electricite de France SA develop so-called small modular nuclear reactors by 2030, betting that the technology will be exported to regions looking to accelerate their transition to cleaner fuels.
The announcement, made by President Emmanuel Macron, signals that he sees nuclear power as key to reducing global carbon emissions, alongside renewable energy. It also comes as France and several central European nations are trying to convince the European Union that atomic power, which generates toxic waste but very limited carbon dioxide, should be classified as clean energy.