EDF drives French electrification with €240m support scheme

French utility EDF has announced €240 million ($280.5 million) to help consumers and industrial players acquire heat pumps and electric heavy goods vehicles, and to support the installation of electricity-consuming industries in France.

Through the commitment, both directly and via a support fund that other partners may join, EDF called the financing indicative of its commitment to accelerate the transition to electric solutions in France.

Through the support fund, €30 million ($35.1 million) in purchase subsidies will be granted to transport operators converting diesel trucks into electric heavy goods vehicles. 

Approximately €50 million ($58.4 million) will be allocated to the installation of 180 charging stations for long-distance electric trucks across mainland France within three years. These stations, open to all, will allow drivers to recharge their vehicles along their routes. At the end of 2025, EDF had 400,000 EV charging points installed or managed.

Additionally, €80 million ($93.5 million) will be dedicated to supporting projects for the installation of new electricity-consuming industries in France. EDF will offer turnkey sites with grid connections, thereby reducing industrial setup timelines.

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Through the support fund, a flat-rate grant of €1,000 (approximately $1,200), combined with existing schemes such as MaPrimeRénov’, will be paid to 80,000 low-income households for the installation of a heat pump, replacing a gas or oil boiler. 

Bernard Fontana, Chairman and Chief Executive Officer of the EDF Group, commented: “For 80 years, the EDF Group has been supplying the French people with competitive, sovereign and low-carbon electricity.

“With this €240 million financial commitment, EDF is taking concrete action to support households, transport operators and industrial players in electrifying their uses, and to encourage the establishment of new activities in France, in the service of purchasing power and France’s energy and industrial sovereignty.”

France’s electrification

EDF, France’s largest power producer, has been facing pressure from an oversupplied electricity market.

EBITDA for the Group at the end of 2025 stood at €29.3 billion ($34.2 billion), a significant drop from €36.5 billion ($42.7 billion) in 2024 against a backdrop of falling market prices, thanks to higher nuclear output in France and growth in regulated activities. 

Revenue specifically declined to €113.3 billion ($132.4 billion) from €118.7 billion ($138.7 billion) the year earlier, while operating profit fell to €13.1 billion ($15.3 billion) from €18.3 billion ($21.4 billion).

The company’s nuclear power output in France was up by 11.3TWh to 373TWh. Wind and solar power output was up by 2.1% to 29.2TWh. However, hydropower output was down by 9.1TWh to 46.4TWh, after good hydraulicity conditions in 2024; the decrease was limited thanks to high plant availability, said EDF.

The company has also issued a new call for expressions of interest for a data centre at a fourth site and has, since February 2025, offered support to digital companies looking to establish data centres by offering them suitable land and electricity connections. 

EDF’s electrification announcement also comes months after the French government said it will publish an electrification plan to help drive the move away from fossil fuels, according to Reuters reportage.