Atmea

Atmea is a joint venture between Mitsubishi and Areva that will develop, market, license and sell a new generation III pressurized water reactor. A memorandum of understanding between the two companies effectively creating the entity was signed October 19, 2006 and the name of the joint venture was announced on September 3, 2007. The European Commission cleared the joint venture in October 2007 on the grounds that the activities of Areva and MHI are geographically complementary and Atmea was unlikely to strengthen the competitiveness of each parent company.