Much has happened since we set out our purpose to help Britain achieve Net Zero three years ago. Two years of energy crisis have been a stark reminder that progress to Net Zero must also deliver secure and affordable energy for homes and businesses.
Action at scale and pace is needed. At EDF we are unwavering in our commitment because we are clear that what’s good for Net Zero is good for Britain’s energy security and protects customers from volatile global energy prices. A just transition also creates massive economic opportunity for businesses and communities up and down the country.
That’s why alongside our Net Zero ambitions, our sustainable business plan sets out how we continue to support our customers, provide a great place to work and make a broad positive contribution to society.
This year we are spending more than £200 million to help our business and residential customers through the energy crisis.
We are investing in the skills needed to deliver heat pump technologies and we continue to play a leading role in delivering energy efficiency measures for vulnerable customers.
The health and safety of everyone working across EDF’s sites is our highest priority. We want everyone to thrive – mentally, physically, and emotionally.
Tragically, a supervisor at our Hinkley Point C site died in November 2022. An independent team investigated the incident to identify lessons and we continue to focus on behavioural safety training, embedding our life-saving rules and maintaining a rigorous approach to risk management.
Zero carbon generation
We achieved a major milestone this year when our carbon intensity at point of generation reached 0gCO2/MWh. We now only generate zero carbon electricity, and we are Britain’s biggest zero carbon electricity generator.
We are leading the UK’s nuclear renaissance with a new nuclear power station at Hinkley Point C, and there are advanced plans for a replica at Sizewell C. We are one of Britain’s largest investors in renewables including onshore and offshore wind, solar and battery storage.
Driving investment and innovation
The launch of Great British Nuclear (GBN) reconfirms nuclear at the heart of the UK’s plans. We look forward to being part of the solution, working with others to put our land, people and community connections to the service of the country.
We are also innovating, by putting advances in science, engineering and digital to good use across all energy aspects including flexibility, storage, mobility, low-carbon hydrogen, nuclear, wind, and smart digital technologies.
It is not a choice between cash or carbon: Britain deserves secure, affordable energy while achieving Net Zero. This report sets out how we are playing our part.