Verkor and EDF sign a 12-year strategic industrial partnership to support low-carbon electricity

   

 

Verkor, a designer and producer of low-carbon batteries for electric vehicles, and EDF announce the signing of a twelve-year Nuclear Power Allocation Contract (CAPN).

In a context of increasing its battery production in France, this contract represents a major milestone for Verkor and is part of its development strategy in support of sustainable, sovereign, low-carbon mobility. Under the contract, for a period of twelve years, Verkor will be allocated a share of EDF’s operating nuclear fleet capacity, reaching 33 MW, with a cost and risk-sharing mechanism based on actual production volumes.

The first deliveries are scheduled to begin in 2028.

With this partnership agreement, Verkor secures a portion of its electricity needs over the long term, a key factor in ensuring predictability of its energy costs and safeguarding its future investments.

The signing of this contract allows Verkor to access low-carbon electricity at a stable price over time. It will help reduce the carbon footprint of its production, a key criterion for automakers committed to the growth of electric mobility.

Benoit Lemaignan, Chairman of the Management Board and Founder of Verkor, said: “This agreement for low-carbon electricity represents a crucial milestone for Verkor, but also for the development of a European battery industry. Through this partnership, we are equipping ourselves with the means to ensure the long-term industrial efficiency of our Gigafactory.”

Marc Benayoun, Group Senior Executive Vice-President, Customers & Energy Services, added: “This nuclear production allocation contract perfectly illustrates our strategy: providing low-carbon, competitive electricity to support the energy transition. Together with Verkor, we are helping to build a competitive and sovereign European battery industry.”

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