EDF Restructures Governance to Accelerate Nuclear and Hydroelectric Projects

EDF announces a new internal organization with key executive appointments to enhance decision-making efficiency and expedite the revival of nuclear and hydroelectric projects central to its industrial strategy.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Électricité de France (EDF) is undergoing a strategic restructuring of its governance to speed up decision-making processes related to major nuclear and hydroelectric projects. This structural change comes as the company prepares to intensify its industrial activities in alignment with the French government’s new energy strategy. Bernard Fontana, CEO of the group, indicated that this change aims to clarify internal responsibilities and shorten implementation timelines for operational decisions critical to nuclear and hydroelectric activities.

Creation of a Central Directorate Dedicated to Safety
Among the significant changes announced, EDF has established a new directorate encompassing nuclear safety, hydroelectric safety, as well as workplace security and health. The stated goal is to improve coordination and management of industrial risks, particularly within the context of upcoming second-generation European Pressurized Reactor (EPR2) nuclear projects. This consolidation of safety functions aims to enhance the group’s operational consistency in the face of increasingly stringent regulatory and technical requirements. EDF thus expects to minimize potential delays associated with complex administrative and technical processes.

This new governance structure also includes the integration of several operational executives into EDF’s executive committee. Xavier Gruz, previously a senior executive at SNCF, becomes Director of Nuclear Programs, specifically responsible for overseeing the management of future nuclear reactor projects. Emmanuelle Verger, Director of EDF Hydro, also joins this executive body, highlighting the increased strategic importance of hydroelectric assets within national energy policy.

Alignment with Governmental Strategic Directions
EDF’s internal reorganization aligns precisely with the recent nuclear industry agreement for 2025-2028 signed between the French government and the national nuclear sector. This agreement notably formalizes the official launch of the construction program for six EPR2 reactors, with a timetable already extended. Commissioning of the first reactor, initially scheduled for 2035, has now been delayed until 2038, prompting EDF to bolster its industrial governance to better control project costs and timelines.

This structural evolution also directly responds to the guidelines defined in the upcoming Multiannual Energy Program (Programmation Pluriannuelle de l’Énergie – PPE). This marks a clear departure from the previous strategy, which envisaged the gradual closure of part of the existing nuclear fleet. EDF is thus adjusting its internal processes to effectively meet the ambitions of the French government, which now strongly emphasizes nuclear power as a core element of its long-term energy strategy.

Major Financial and Operational Challenges
The announcement of this reorganization comes amid ongoing tensions surrounding financial aspects of nuclear investments. EDF is currently involved in delicate negotiations with the French government, its main shareholder, regarding the ARENH mechanism (Accès Régulé à l’Électricité Nucléaire Historique – Regulated Access to Historic Nuclear Electricity), as well as the overall financing of new reactors. A detailed financial plan for nuclear funding must be finalized by the end of 2025, involving solutions such as preferential loans or tariff guarantees to stabilize the group’s future revenues.

Moreover, EDF is actively seeking to strengthen its internal capabilities by recruiting experienced profiles from other major industrial sectors to optimize the operational management of its complex projects. The appointment of Xavier Gruz, leveraging his extensive experience in managing large infrastructure projects in the railway sector, exemplifies this targeted recruitment strategy aimed at enhancing the overall industrial control within the group.

Expected Impact on the French Energy Sector
Establishing more agile and centralized governance is expected to facilitate achieving the objectives set by France’s industrial and energy strategy. The French energy sector, closely observing these changes, will monitor the concrete operational outcomes resulting from EDF’s new internal structure. This could notably influence future decisions by the government and industry stakeholders concerning financing and management of significant energy projects.

The announced restructuring thus reflects EDF’s ambition to address the complex challenges involved in the nuclear revival and optimized management of hydroelectric infrastructure, both viewed as essential to national energy security.

The Canadian pension fund takes a strategic minority stake in AlphaGen, a 11 GW U.S. power portfolio, to address rising electricity demand from data centres and artificial intelligence.
Minnesota’s public regulator has approved the $6.2bn acquisition of energy group Allete by BlackRock and the Canada Pension Plan, following adjustments aimed at addressing rate concerns.
The Swiss chemical group faces two new lawsuits filed in Germany, bringing the total compensation claims from oil and chemical companies to over €3.5bn ($3.7bn) in the ethylene collusion case.
Statkraft continues its strategic shift by selling its district heating unit to Patrizia SE and Nordic Infrastructure AG for NOK3.6bn ($331mn). The deal will free up capital for hydropower, wind, solar and battery investments.
Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.
Marubeni Corporation has formed a power trading unit in joint venture with UK-based SmartestEnergy, targeting expansion in Japan’s fast-changing deregulated market.
Exxon Mobil plans to reduce its Singapore workforce by 10% to 15% by 2027 and relocate its offices to the Jurong industrial site, as part of a strategic investment shift.
Phoenix Energy raised $54.08mn through a preferred stock offering now listed as PHXE.P on NYSE American, with an initial dividend scheduled for mid-October.
TotalEnergies plans to increase its energy production by 4% annually until 2030, while reducing global investments by $7.5bn amid what it describes as an uncertain economic environment.
Occidental Petroleum is considering selling its chemical subsidiary OxyChem for $10bn, a transaction that forms part of its deleveraging strategy launched after several major acquisitions.
ABO Energy is assessing a shift to independent power production by operating its own renewable parks, signalling a major strategic move in a market that has become more favourable.
Fortescue accelerates the decarbonisation of its operations by leveraging an international network of technology and industrial partners, targeting net zero at its mining sites by 2030.
Swiss energy company MET strengthens its footprint in Central and Southeast Europe with the full acquisition of MET Slovakia and the launch of a new operational subsidiary in Albania.
UK-based Gresham House will acquire Swiss investment manager SUSI Partners, strengthening its international footprint in energy transition infrastructure.
Spruce Power launches an internal reorganisation aimed at reducing annual operating costs by $20mn, with the closure of its Denver office and a refocus on key initiatives to strengthen profitability.
TotalEnergies’ Board of Directors is adjusting its shareholder return strategy while consolidating its multi-energy growth and employee shareholding plan amid an uncertain energy and geopolitical landscape.
Fermi America has signed two letters of intent with Siemens Energy to supply an additional 1.1 GW of gas turbines and collaborate on nuclear steam turbines as part of its 11 GW private energy campus dedicated to artificial intelligence.
Aker becomes one of Nscale’s largest shareholders following a $1.1bn funding round, reinforcing its exposure to large-scale artificial intelligence infrastructure.
TenneT Holding has reached an agreement with APG, GIC and NBIM to finance the expansion of the German high-voltage grid, securing its capital needs for the coming years.
Iberdrola plans to invest EUR58bn ($61.83bn) by 2028, targeting a net profit of EUR7.6bn ($8.10bn), focusing on power grids and key markets such as the United Kingdom and the United States.