Mitsubishi Heavy Industries (MHI) and Areva have announced that they are to name their newly formed joint venture ATMEA. The company will develop, market, licence and sell ATMEA 1, a new 1,100 MWe reactor combining technologies from both companies.

ATMEA 1 is to be a pressurised water reactor and the partners are jointly working to have the reactor ready for a licensing application in less than 3 years.

“By founding ATMEA, we combine the experience of two leaders in reactor development, construction, licensing and marketing. We thus provide the ideal framework for the development and sale of a reactor whose size fits into almost every grid”, stated Areva chief Anne Lauvergeon.

Since October 2006, the two firms have been working together to define the conceptual basis for an advanced generation 3 reactor with power around 1,100 MWe.