Areva

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.

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

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

• Nuclear reactor design
• Nuclear fuel cycle
• Nuclear power components
• Reactor fuel manufacturing
• Nuclear plant services

Headquarters

HQ city

Courbevoie

HQ country

France

HQ region

Europe

Offices1 record

Markets served

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

Core 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

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• EDF (Electricité de France)coreStrategic or Co-development Partner · 31 December 2017French 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

Broad 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

• Xtwitter.com/AREVAfr
• LinkedInlinkedin.com/company/areva-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Areva