UPDATE 2-Macron says thousands of companies involved in French electrification plan

Thousands of firms to help double domestic electricity share to 60% by 2030

National pact signed with major companies, featuring private investment pledges

Stellantis, EDF, RTE announce major electrification investments, job creation expected

Recasts with speech from Macron, updates throughout

By America Hernandez and Makini Brice

- French President Emmanuel Macron said on Tuesday that thousands of companies would be involved in the country's effort to double the share of domestically produced electricity in its energy mix to 60% by 2030.

Macron signed a national electrification pact with major companies on Tuesday, detailing pledges for private investments, part of an energy plan unveiled in February.

The government has said it will double state support to €10 billion a year through 2030 to reduce France's dependence on imported fossil fuels and boost the share of electricity produced from nuclear power and renewable energy in power generation, heating, transportation, and industry.

"This is a major transformation plan involving 6,000 companies and will create or maintain more than 600,000 jobs," Macron said. "It's good for purchasing power, it's good for competitiveness, it's good for the country's independence."

Tuesday's pact does not include any new government money, but features investment pledges from French companies to achieve the state's goals.


STELLANTIS, EDF ANNOUNCE COMMITMENTS

Carmaker Stellantis STLAM.MI will invest more than €1 billion to produce a new generation of electric vehicles at its Mulhouse plant starting in 2029, Macron said.

Last week, the automaker laid out a €60 billion ($69.85 billion) strategy with a blitz of 60 new models to stay in the race toward electrification.

"We are working with our stakeholders, primarily our unions, on the future of our factories, including the one in Mulhouse," Stellantis said on Tuesday, while declining further comment.

State-owned utility EDF said it will spend €240 million ($279 million) to accelerate electrification, with funds to be used to prepare industrial sites to host major electricity consumers, help households acquire heat pumps, purchase electric heavy-duty vehicles and install public charging stations.

RTE and other power grid operators will invest to lay 45,000 km (27,962 miles) of transmission and distribution lines by 2030.

France is also aiming to double its production of electric vehicle charging sites, to produce one million heat pumps and to double the production of electric radiators by 2030.

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