Areva - Energy Company

Energy Company

Areva is a world-leading company in nuclear energy. It is the only company with a presence in each industrial activity linked to nuclear energy: mining, chemistry, enrichment, combustibles, services, engineering, nuclear propulsion and reactors, treatment, recycling, stabilization, and dismantling. Areva also claims to offer technological solutions for CO₂-free energy; and produces earth leakage circuit breaker technologies.

On January 28, 2010, the Group announced a major change to the organization of its nuclear and renewable operations. Its activities are now divided into 4 Business Groups:

• Mining-Front End: combines operations related to uranium exploration and mining, uranium conversion and enrichment, and the design and fabrication of fuel for nuclear reactors.
• Reactors and Services: designs and builds nuclear power plants, naval propulsion reactors and research reactors, and manufactures related equipment.
• Back End: manages all operations in the back end of the nuclear cycle, from used nuclear fuel recycling to the dismantling and value development of nuclear facilities
• Renewable Energies: a portfolio of operations revolving around 4 renewable energies: wind energy, bioenergy, solar power, and hydrogen and energy storage.

Areva’s subsidiary for power transportation and distribution, Areva T&D, was sold to Schneider Electric and Alstom in June 2010.

The major partners of Areva include: Euriware, STMicroelectronics, Eramet, and SAFRAN. Areva is part of the Global Nuclear Energy Partnership (GNEP) alliance, along with the Japan Atomic Energy Agency (JAEA), Washington Group International and BWX. GNEP is a plan initiated in 2006 to form an international partnership to reprocess spent nuclear fuel in a way that renders the plutonium in it usable for nuclear fuel but not for nuclear weapons.