EDF, a French multinational electric utility company, agreed to acquire the nuclear power activities of General Electric, an American multinational conglomerate, for $1.1bn. "The climate emergency is reaffirming the role of nuclear energy. EDF is proud to contribute to the achievement of carbon neutrality by preserving this technology. This plan to acquire part of GE Steam Power’s nuclear activities including the Arabelle turbine will enable EDF to strengthen its key technologies and skills for the nuclear fleet in operation and for new nuclear projects in France and worldwide," Jean-Bernard Lévy, EDF Chairman and CEO.