International roundup: The Philippines, IAEA remarks, and EDF’s SMR plans

Électricité de France secured €4B in short-term bank loans, with €1B allocated to refinance nuclear reactor extensions. The loans have maturities of 12–18 months. According to the company, the funds are part of its Green Financing Framework.

EDF plans to build 10 Nuward SMRs in the EU by 2035, with the first in France and another in Italy. The reactors, developed by EDF's Nuward subsidiary, aim to reduce fossil fuel dependency. EDF is also discussing potential projects in Poland, Belgium, and Finland. The Nuward project, paused in July 2024 for optimization, targets final design completion by 2031.

Britain’s government approved a 20-year life extension for the Sizewell B nuclear plant in Suffolk, owned by EDF, allowing it to generate until 2055. Sizewell B, synchronized with the grid in 1995, was due to close within the next decade. The deal pays EDF £70.50 per MWh from 2035 and involves Centrica’s 20% stake.

Mistral AI said it is expanding into advanced manufacturing, signing deals with Airbus SE and BMW AG to apply its “physical AI” to areas including design, simulation and quality control. Financial terms were not disclosed. Mistral targets €1bn+ revenue by 2026, plans ~€10bn capex for data centers, and expects a 10MW inferencing site near Paris to open in Q3.

GlobalFoundries (GFS) has signed a $2B, 5-year deal with TSMC (TSM) to manufacture silicon interposers for AI chip packaging, starting production in 2028. This expands GFS's role in AI manufacturing without requiring it to produce leading-edge GPUs. The agreement represents about 5.6% of GFS's annualized Q2 2026 revenue, indicating financial significance but not guaranteeing immediate revenue recognition.

Accenture (NYSE: ACN) and Dell Technologies expanded their 20+ year partnership, forming the Accenture Dell Business Group to assist enterprises in scaling private AI and modernizing infrastructure.