Areva
AREVA S.A. is a French state-owned nuclear industry company in managed wind-down, historically designing and manufacturing nuclear reactor components and fuel and operating across the full fuel cycle; post-2017 restructuring, it retains residual missions including completion of Finland's OL3 EPR project.
- Company typePublic
- Founded2001
- HeadquartersCourbevoie, France
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Areva does
AREVA S.A. is a French public limited company headquartered in Courbevoie, France, that historically designed, manufactured, and installed components and fuel for nuclear power plants and operated across the complete nuclear fuel cycle — uranium mining, conversion, enrichment, fuel fabrication, recycling, waste management, and dismantling. Founded in 2001 when France's CEA (Commissariat à l'énergie atomique) spun off its nuclear reactor division, the company became the world leader in the nuclear industry, with proprietary third-generation EPR (European Pressurized Reactor) technology, full reactor service capabilities, and a global footprint anchored in France and Finland.
Between 2016 and 2017, AREVA executed a comprehensive corporate restructuring. The group split into New AREVA Holding (combining all nuclear fuel cycle operations — Mines, Upstream and Downstream activities) and New NP (a nuclear excellence hub consolidating reactor design, equipment, fuel assemblies, and installed-base services). New NP was sold to EDF at the end of 2017 with EDF acquiring at least 51% for exclusive control, while the French State subscribed to a €2 billion reserved capital increase for AREVA S.A. and a separate €2.5 billion increase for New AREVA, placing €500 million in trust from strategic co-investors Japan Nuclear Fuel Ltd. (JNFL) and Mitsubishi Heavy Industries (MHI). The French State subsequently filed a public take-over bid for remaining AREVA S.A. shares, completing a mandatory squeeze-out that delisted the company from Euronext Paris.
AREVA S.A.'s residual mission post-restructuring is explicitly terminal: complete the OL3 EPR reactor project in Finland, close residual renewable projects once contractual commitments are met, and continue state-backed operations under French government ownership. The company is governed by a Board of Directors, with Philippe Knoche serving as Chief Executive Officer and Pierre Aubry as Administrative Director. The Olkiluoto 3 EPR project reached turbine run-up tests at nominal 1500 rpm in May 2018 and received STUK fuel-loading approval in March 2021, marking the final pre-commercial milestones for AREVA's flagship nuclear delivery obligation.
Areva firmographics
Firmographics- Name
- Areva
- Legal name
- AREVA S.A.
- Website
- https://sa.areva.com
- Company type
- Public
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- AREVA S.A. is a French state-owned nuclear industry company in managed wind-down, historically designing and manufacturing nuclear reactor components and fuel and operating across the full fuel cycle; post-2017 restructuring, it retains residual missions including completion of Finland's OL3 EPR project.
- Ownership category
- akta.pro rank
Areva industry classification
Industry- Product category
- Nuclear Power Equipment & Fuel
- NAICS
- Nuclear Electric Power Generation (221113)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Gen III/III+ Reactor Systems & Components (EUAKADAB)
- akta.pro secondary industries
- Fuel Cycle Support Services (Engineering, licensing support, conversion/enrichment contracting) (EUAKACAL), Independent Spent Fuel Storage Installation (ISFSI) Development, Licensing & Operations (EUAKAHAC), Recovered Materials Management (Uranium/Plutonium Products & MOX Feedstock) (EUAKAHAI), In-Service Inspection (ISI) & NDE (ASME Code, Ultrasonics, Eddy Current) (EUAKABAF)
Keywords
Where Areva is headquartered
LocationHeadquarters
- HQ city
- Courbevoie
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Areva business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Infrastructure, Operations, Technology or R&D, Supply Chain, Marketing or Sales
Distribution channels1 record
Marketing channels4 records
Areva product offering
Product offeringCore offering
AREVA S.A. historically designs, manufactures, and installs components and fuel for nuclear power plants, and operates the complete nuclear fuel cycle from uranium mining through fuel recycling, waste management, and dismantling. Following the 2016-2017 restructuring, AREVA S.A.'s residual mission is to complete the Olkiluoto 3 (OL3) European Pressurized Reactor project in Finland, close residual renewable projects, and manage the New NP nuclear excellence hub transferred to EDF.
Product overview
AREVA was the world's leader in nuclear industry that underwent major corporate restructuring. The company operated through several divisions: AREVA NP provided nuclear energy solutions including design, manufacturing, and installation of nuclear reactor components and fuel assemblies with full reactor services. New AREVA (NewCo) encompassed all nuclear fuel cycle operations including Mining, Upstream, and Downstream activities. New NP was created as a nuclear excellence hub for reactor and equipment operations intended for sale to EDF. The OL3 EPR project in Finland represents AREVA's flagship reactor completion project. The restructuring resulted in capital increases and strategic refocusing on nuclear fuel cycle operations.
Differentiator
Problem solved
Functional benefit
Brands
- New AREVA: Entity combining all AREVA nuclear fuel cycle operations including Mines, Upstream and Downstream activities
- New NP
Products and services
- AREVA NP - Nuclear Energy Solutions Major international nuclear energy solutions business providing innovative technologies for designing, building, maintaining, and advancing the global nuclear fleet; designs, manufactures, and installs components and fuel for nuclear power plants and offers a full range of reactor services. Target customers: nuclear utilities and operators.
- New AREVA - Nuclear Fuel Cycle Operations Entity combining all AREVA nuclear fuel cycle operations including Mines, Upstream and Downstream activities (uranium mining, conversion, enrichment, fuel fabrication, recycling, waste management, dismantling). Positioned to develop and refinance on markets in the medium term.
- Olkiluoto 3 EPR (OL3) Reactor Project European Pressurized Reactor (EPR) nuclear power plant project in Finland. AREVA's mission includes completing this complex high-technology third-generation EPR project with contractual obligations, including Hot Functional Tests achieving turbine run-up to nominal speed of 1500 rpm. Customer: TVO / Finnish nuclear regulatory framework.
- OL3 EPR Fuel Loading Regulatory Approval Regulatory approval for fuel loading at the Olkiluoto EPR reactor, marking a critical step toward commissioning the OL3 plant.
Quantifiable outcome
- OL3 EPR project completion in Finland
- +1 more outcomes
Companies that use Areva
Customer profileSegments2 records
Ideal customer profiles1 record
Areva technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Areva partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- EDF (Electricité de France)coreFrench electricity company acquiring New NP combining industrial activities related to design and supply of nuclear reactors and equipment, fuel assemblies and services to installed base of AREVA NP. Target stake of at least 51% ensuring exclusive control. Sale completed end 2017.
Scale indicators5 records
Recent moves10 records
Expansion highlights4 records
Areva competitors and assessment
Company assessmentBroad incumbents
- Rosatom: Russian state nuclear corporation offering a fully integrated nuclear value chain — uranium mining, enrichment, fuel fabrication, reactor design/build (VVER), services — analogous to AREVA's full fuel cycle scope but with a broader international new-build footprint.
Direct peers
- Urenco: UK/German/Dutch uranium enrichment consortium supplying enrichment services to nuclear fuel fabricators worldwide. Direct peer in the upstream nuclear fuel cycle where AREVA/New AREVA also operates through conversion and enrichment activities.
- Framatome: French-based nuclear reactor and fuel-assembly supplier that acquired AREVA's New NP reactor business from EDF in the 2017 restructuring. Operates in the same Gen III+ EPR reactor space and now serves the same installed base that AREVA S.A. historically supported.
- GE Hitachi Nuclear Energy: Joint venture offering boiling water reactor (BWR) systems including the BWRX-300 small modular reactor, plus fuel and services for the installed BWR fleet. Competes with AREVA in reactor design, fuel supply and services for the global nuclear fleet.
- Mitsubishi Heavy Industries: Strategic co-investor in AREVA's 2017 restructuring and a major nuclear steam supply system (NSSS) and component manufacturer. Competes in the Gen III/III+ reactor segment and is a natural partner/peer in nuclear-grade heavy components and fuel assemblies.
- Westinghouse Electric Company: Direct peer in nuclear reactor design, fuel assemblies, and nuclear power plant services globally. Competes head-to-head with AREVA's EPR via the AP1000 Gen III+ reactor and operates an integrated fuel business, making it the closest analogue to AREVA NP's pre-restructuring scope.
Emerging players
- Holtec International: US-headquartered nuclear technology and services company specialising in spent fuel storage, transport, decommissioning, and the SMR-160 reactor. Competes in AREVA's waste management / decommissioning segment and emerging SMR market adjacent to AREVA's Gen III+ offering.
- BWX Technologies (BWXT): US-based supplier of nuclear components, fuel and services with growing presence in SMR and microreactor design. Adjacent peer in nuclear fuel fabrication and high-spec nuclear components that overlap with AREVA's downstream fuel and services business.
Regional players
- Japan Nuclear Fuel Limited (JNFL): Japanese nuclear fuel cycle operator (enrichment, reprocessing, MOX) that is both a strategic co-investor in AREVA's restructuring and a regional peer in enrichment and fuel fabrication services for Asian utilities.
- KEPCO Nuclear Fuel: Korean nuclear fuel manufacturer supplying PWR fuel assemblies and components to the Korean fleet and select export markets. Regional peer in nuclear fuel fabrication with comparable customer base of utility operators.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Areva social profiles
Digital presenceAreva financial estimates
Financial estimateRevenue estimate
Valuation estimate
Areva leadership team
Management profileNumber of profiles
Profiles3 records
Areva subsidiaries and ownership
Company hierarchySubsidiaries2 records
Areva funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Areva M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Areva
What does Areva do?
AREVA S.A. historically designs, manufactures, and installs components and fuel for nuclear power plants, and operates the complete nuclear fuel cycle from uranium mining through fuel recycling, waste management, and dismantling. Following the 2016-2017 restructuring, AREVA S.A.'s residual mission is to complete the Olkiluoto 3 (OL3) European Pressurized Reactor project in Finland, close residual renewable projects, and manage the New NP nuclear excellence hub transferred to EDF.
Is Areva a public or private company?
Areva is a public company. It is classified as state government owned and is currently operating.
When was Areva founded?
Areva was founded in 2001. It employs 5,001 to 10,000 people.
Where is Areva based?
Areva is headquartered in Courbevoie, France, in the Europe region.
Who are Areva's main competitors?
Rosatom is listed as a broad incumbent. Direct peers are Urenco, Framatome, GE Hitachi Nuclear Energy, Mitsubishi Heavy Industries and Westinghouse Electric Company. Emerging players are Holtec International and BWX Technologies (BWXT). Regional players are Japan Nuclear Fuel Limited (JNFL) and KEPCO Nuclear Fuel.
Does Areva have an API?
No public API is recorded for Areva.
What industry is Areva in?
Areva's product category is Nuclear Power Equipment & Fuel. Its primary akta.pro industry code is EUAKADAB, Gen III/III+ Reactor Systems & Components, with a secondary code of EUAKACAL, Fuel Cycle Support Services (Engineering, licensing support, conversion/enrichment contracting). Its NAICS code is 221113 and its SIC code is 3510.