SUBSCRIBE
PROFILE

EDF and Siparex launch second €300 million fund to support the nuclear sector

EDF and Siparex are mobilising a new €300 million investment fund to strengthen strategic companies in the nuclear supply chain amid industrial revival driven by the EPR2 reactor programme.

Share:

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 €*

then 199 €/year

SUBSCRIBE — 99 € for the 1st year

Create a free account to read this article

*renews at 199€/year, cancel anytime before renewal.

Electricité de France (EDF) and asset management firm Siparex have announced the launch of a second investment fund dedicated to the nuclear sector, as disclosed on May 13. Named Fonds France nucléaire 2 (FFN2), the fund targets a capitalisation of €300 million ($324mn) to support the growth of subcontractors and suppliers involved in future nuclear projects in France.

The FFN2 follows on from the initial Fonds France nucléaire, launched in 2021 and concluded at the end of 2024 after backing 11 companies in the industry. This new fund is aimed primarily at small and medium-sized enterprises (SMEs) and intermediate-sized enterprises (ETIs) with critical technical know-how. According to the joint statement, the objective is to address “growing needs of the sector” in a context of “industrial and energy sovereignty”.

Participation of key French nuclear players

The first funding round secured €100 million ($108mn), contributed notably by EDF, Framatome, Orano, TechnicAtome, and Siparex Associés. The fund may invest up to €50 million ($54mn) in a single company, depending on the strategic distribution of future operations. The fund’s promoters also intend to attract additional institutional, industrial and private investors.

EDF and Siparex confirmed that the FFN2 has already made its first investment. This involved taking a stake in Ekoscan Integrity Group, a global specialist in advanced non-destructive testing technologies for critical infrastructure. The transaction was carried out alongside the company’s founder, Eurazeo, and ALIAD, the venture capital arm of the Air Liquide Group.

A lever to meet the scale of the EPR2 programme

The French government plans to construct six EPR2 nuclear reactors, a project announced in 2022. According to published figures, this programme could require up to €100 billion ($108bn). The scale of investment involved is prompting stakeholders to seek greater mobilisation of private capital to secure supply chains and reinforce industrial competencies.

The nuclear sector currently employs 220,000 people across more than 2,000 companies in France. It ranks as the country’s third-largest industrial sector, according to the EDF and Siparex statement. The launch of FFN2 is intended to ensure that the nuclear value chain can meet growing demand for components, engineering, and specialised services in the coming decades.

  • Popular on energynews.pro
BP Restarts Whiting Refinery After Flooding: Regional Market Pressures Emerge
Metacon confirms partial delivery and receives EUR 14.9 million
Solar will dominate more than half of the new power capacity planned in the United States in 2025
The United States Sanctions Greek Shipper for Iranian Oil Trafficking
Georgia Power launches targeted upgrades on its aging hydropower fleet
Several South Korean groups back $50bn nuclear projects in the United States
KHNP, Doosan, POSCO and Samsung C&T join US partners to develop 5 GW of modular reactors, expand uranium enrichment and build an 11 GW energy complex in Texas.
Washington activates Defense Production Act to secure enriched uranium
The US Department of Energy is creating an industrial consortium to accelerate domestic enriched uranium production and reduce reliance on foreign imports ahead of the Russian supply ban in 2027.
One of the drones from last weekend’s Ukrainian attack struck the Kursk nuclear power plant
The kamikaze drone damaged an auxiliary transformer at the Kursk plant, halving the output of its only reactor in operation, according to Rosatom and the International Atomic Energy Agency.
EDF restarts Gravelines reactors after shutdown caused by jellyfish
The four production units at the Gravelines nuclear power plant, shut down in mid-August by a massive jellyfish incursion, are back online, restoring the site’s full capacity.
enCore Energy completes $115M convertible notes offering
enCore Energy Corp. has completed a $115 million fundraising through convertible notes maturing in 2030, strengthening its financial capacity for upcoming operations.
Vattenfall selects GE Vernova and Rolls-Royce for future nuclear reactors
Vattenfall advances its nuclear project in Sweden by selecting two modular reactor suppliers, GE Vernova and Rolls-Royce SMR, for a potential installation on the Värö Peninsula.
NANO Nuclear Advances to Final Round of US Army’s xTechSearch 9 Competition
NANO Nuclear Energy has been selected to compete in the final round of xTechSearch 9, a US Army initiative aimed at identifying high-potential dual-use technology solutions.
Aalo Atomics raises USD 100 million to launch its first nuclear power plant
Aalo Atomics completes Series B funding, bringing its total to USD 136 million, to build its first modular nuclear power plant dedicated to data centers.
Malaysia Launches Strategic Study on Civil Nuclear Potential
The Malaysian government initiates a national assessment on nuclear energy feasibility, targeting regions facing energy supply constraints and integrating international regulatory requirements.
Premier American Uranium finalizes the acquisition of Nuclear Fuels with Court approval
The merger between Premier American Uranium and Nuclear Fuels reaches a key milestone following final approval of the arrangement plan by the Supreme Court of British Columbia.
Google and Kairos Power to Build a 50 MW Nuclear Reactor in Tennessee
TVA, Google, and Kairos Power formalize an agreement to connect an advanced reactor to the grid, supporting data center energy growth and reinforcing the U.S. nuclear industry.
X-energy and the Pentagon Accelerate Nuclear Microreactor for National Security
The U.S. Department of Defense has signed an agreement with X-energy to develop a commercial nuclear microreactor intended to power sensitive military infrastructure.
NANO Nuclear Raises $209 Million and Accelerates Microreactor Deployment
With cash reserves multiplied sevenfold in nine months, NANO Nuclear intensifies development of its KRONOS MMR and positions itself in the Canadian and U.S. modular nuclear markets.
Equinix secures 20 Radiant microreactors and a nuclear deal in the Netherlands
Equinix signed a preorder for 20 Kaleidos nuclear microreactors and a letter of intent for a power purchase agreement with ULC-Energy, reinforcing its energy supply strategy for its data centers.
Oklo selected for three pilot projects by U.S. Department of Energy
The U.S. Department of Energy selects Oklo and its subsidiary Atomic Alchemy for three pilot reactor projects aiming for criticality before July 2026.
Eleven US companies selected to fast-track small nuclear reactor testing
The United States Department of Energy has selected eleven companies to build experimental nuclear reactors by July 2026, under a programme aimed at meeting rising electricity demand.
South Africa confirms environmental authorisation for Duynefontein nuclear power plant
The South African Minister of the Environment has approved Eskom’s authorisation to build a nuclear power plant in Duynefontein, ending appeals lodged by several environmental organisations.
The United Kingdom prepares major reform of nuclear regulation
An independent group calls for deep changes to speed up the approval of UK nuclear projects and cut costs linked to a system seen as too slow and complex.
Radiant signs contract to deliver nuclear microreactor to the US military in 2028
Radiant has signed an agreement with the Department of the Air Force and the Defense Innovation Unit to supply a portable nuclear microreactor, marking a first in mass production for military use.
Gravelines’ six reactors shut down after massive jellyfish invasion
The Gravelines nuclear power plant, the largest in Western Europe, halted all production after its cooling systems were obstructed by an unexpected influx of jellyfish. EDF plans a gradual restart in the coming days.

Log in to read this article

You'll also have access to a selection of our best content.

or

Go unlimited with our annual offer: €99 for the 1styear year, then € 199/year.

SUBSCRIBE - €99