Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

France's EDF identifies land for data centres

Published by Global Banking and Finance Review

Posted on February 10, 2025

Featured image for article about Headlines

PARIS (Reuters) -France's EDF said on Monday it had identified four sites on its own land for data centres, as the state-owned utility seeks to speed up investments in the power-hungry infrastructure.

EDF's statement came as France hosts a summit on artificial intelligence (AI) with political and business leaders discussing issues around the nascent technology.

France is a major producer of nuclear power, which it is promoting as a reliable and clean source of energy for data centres.

EDF said the four sites identified had available grid connections with total available power estimated at 2 gigawatts (GW). It is searching for two additional sites, it also said.

"For digital companies who wish to do so, EDF will also offer personalized support for the end-to-end completion of the necessary steps to develop their project," EDF said.

An EDF executive said last year that the utility is in talks with three companies to power their 1 gigawatt (GW) data centre projects in France, but cautioned that grid connections could slow down the start of projects.

(Reporting by Forrest CrellinEditing by Tomasz Janowski)