EDF, the French government-owned utility services provider, is reportedly looking to raise $100 million to fuel the expansion of its smart meter business. The move is part of a strategic initiative to enhance and broaden the deployment of smart meters, aligning with the global trend towards advanced metering infrastructure for improved energy management.

The fundraising effort signals EDF's commitment to investing in innovative technologies that contribute to the modernisation of energy infrastructure. With government backing, the utility aims to play a significant role in the evolution of smart metering solutions, promoting energy efficiency and sustainability.

As EDF advances its smart meter business expansion plans, the move reflects the utility's vision for a more interconnected and digitally enabled energy landscape. The funds raised are expected to support the deployment of smart metres, empowering consumers and optimising energy consumption patterns in line with evolving technological advancements.