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EDF: when the state goes full capitalist

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EDF is the fifth biggest energy supplier in the UK currently controlling over 10% of the market. The French multinational is best known for “leading the UK’s nuclear renaissance” operating all eight of the UK’s nuclear power stations. 

It’s owned by Electricity of France S.A. (Électricité de France, EDF). A multinational energy producer and supplier primarily (and soon to be solely) owned by the French government. It is one of the world’s top five utility companies. 

Created in 1946 by the French government, EDF was set up with the intention of rebuilding France’s power grid following World War Two. Now, 70 years on, EDF has branched out a lot further than France, cashing in on energy users from the USA to India. The group is now made up of 144 subsidiaries.

Despite its name, EDF isn’t just in the energy business. EDF is also involved in the data software, vehicle traceability, investment, and real estate sectors, to name just a few. 

EDF uses strategic… Full article

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