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 part of its electricity needs over the long term—a key factor in ensuring predictability of its energy costs and safeguarding 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 sector.”