EDF aims to raise $100 million for the expansion of the smart meter business

French utilities provider EDF is reportedly looking to raise $100 million to fuel the expansion of its smart meter business. This step is part of a strategic initiative to improve and expand the implementation of smart meters, in line with the global trend towards advanced metering infrastructure for better energy management.

The fundraising effort reflects EDF's commitment to investing in innovative technologies that contribute to the modernization of energy infrastructure. With government support, the utility aims to play an important role in the evolution of smart metering solutions, promoting energy efficiency and sustainability.

As EDF moves forward with its smart meter expansion plans, this move reflects the utility's vision of a more interconnected and digitally enabled energy landscape. The funds raised are expected to support the implementation of smart meters, empower consumers and optimize energy consumption patterns in line with evolving technological advancements.

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