The proposed transaction includes GE Steam Power’s conventional island equipment for new nuclear power plants-including the world’s most powerful steam turbine in operation, the Arabelle turbine, as well as maintenance and upgrades for existing nuclear power plants. Today, GE Steam Power’s nuclear steam turbines are installed in half of the world's nuclear power plants, including in all of EDF’s nuclear plants in France. The proposed transaction would bring together GE’s nuclear steam turbine technology and services expertise with EDF strengthening its commitment to the nuclear power sector, creating an industry-leading global steam turbine equipment and services provider within EDF Group. Paris, 10 February 2022 - EDF and GE (NYSE:GE) announced today that they have signed an exclusive agreement for EDF to acquire part of GE Steam Power’s nuclear power activities.
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