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French energy company EDF announced a €240 million investment package aimed at accelerating electrification projects across France. The initiative is part of a wider national strategy focused on reducing dependence on fossil fuels and increasing the use of electricity in transportation, heating, and industry.

According to the plan, a large portion of the funding will support the installation of heat pumps, electric truck infrastructure, and public EV charging stations. EDF also plans to help industrial companies transition toward electricity-based operations while supporting the development of new energy-intensive industries such as data centers.

French President Emmanuel Macron stated that the broader electrification strategy could involve around 6,000 companies and help create or maintain more than 600,000 jobs by 2030. France aims to increase the share of domestically produced electricity in its energy mix to 60%, relying heavily on nuclear and renewable energy sources.

The investment also highlights growing demand for EV charging infrastructure across Europe. As governments continue pushing for electrification, businesses and municipalities are expected to increase investments in reliable charging networks for both commercial fleets and public use.

Vir:
Reuters

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