S'abonner

11% growth for TechnicAtome by 2023

TechnicAtome, a specialist in compact nuclear reactors, has announced sales growth of 11% to €551 million in 2023, driven by the renewal of French submarines.

Share:

TechnicAtome croissance 2023

In 2023, TechnicAtome recorded a significant increase in sales, driven by major military contracts, notably for the attack submarine fleet. The company, which specializes in the manufacture and operation of nuclear boilers for submarines and aircraft carriers, continues to play a key role in national defense. A major milestone was reached this year with the start-up of the reactor on the Duguay-Trouin submarine.

Nuclear technology and innovation

Since its separation from Areva in 2017, TechnicAtome has seen its economic activity increase by 50%, while its workforce has grown by 33%. CEO Loïc Rocard emphasizes the company’s long-term vision, focused on innovation in a demanding market. Current projects include the preparation of boiler rooms for the future PANG aircraft carrier and SNLE3G submarines.

Economic impact and forecasts

With net income equivalent to 15% of sales, TechnicAtome is on a sound financial footing. CFO Jean Merveilleux du Vignaux forecasts sales in excess of 600 million euros for 2024, testifying to the company’s confidence in its growth trajectory.

Commitment to the civilian and military sectors

Although 85% of TechnicAtome’s business is dedicated to the military sector, the company does not neglect the civilian sector. It is involved in the Nuward project with EDF, which aims to develop SMR, as well as a research reactor project.

TechnicAtome’s progress in 2023 illustrates its growing role in the nuclear industry, both in the defense sector and in civil energy. With ambitious projects and a clear strategy, the company is positioning itself as a major player in the future of nuclear power.

  • Populaires ​
Nayara modifies payment terms for naphtha export tender following EU sanctions
Europe records record LNG imports since April
Resalta acquires Statkraft’s Croatian platform, strengthening its position in Eastern Europe
Qarlbo Biodiversity to supply 500,000 tonnes of pine to Woodland Biofuels
Framatome secures nuclear fuel contract with ENEC for Barakah plant
Iran welcomes IAEA technical delegation without access to nuclear sites
Tehran agrees to host experts from the International Atomic Energy Agency in the coming weeks, excluding any visit to sensitive sites as diplomatic tensions persist with European nations and the United States.
Standard Uranium confirms 29 km of conductive corridors at the Corvo project in Canada
Standard Uranium announces the results of a high-resolution electromagnetic survey at the Corvo project, confirming 29 kilometres of conductive corridors and launching the planning of an inaugural drilling programme for 2026.
NANO Nuclear reaches key milestone with prototype induction pump for reactors
NANO Nuclear Energy assembles and tests its annular induction pump prototype, marking progress for its microreactor programmes and paving the way for potential commercialisation of the technology.
Hungary confirms launch of Paks-2 with Rosatom by autumn
Hungary reaffirms its intent to double the capacity of its Paks nuclear power plant in partnership with Rosatom, with concrete works expected to begin in the autumn.
Arabelle Solutions to equip Darlington SMR with 34-metre turbine
Arabelle Solutions, a subsidiary of EDF, will provide turbine island equipment for the first BWRX-300 small modular reactor project in Canada, marking a milestone for the industrialisation of SMRs in North America.
Stellaria raises €23mn to develop molten salt nuclear reactor by 2035
French start-up Stellaria secures €23mn ($25.2mn) in funding to accelerate the design of its fast neutron nuclear reactor, with first fission expected in 2029 and commercial deployment targeted for 2035.
More than ten-year delay for Bulgaria’s national nuclear waste repository
The Bulgarian National Audit Office report highlights persistent delays and contractual irregularities in the implementation of the national repository for low- and intermediate-level radioactive waste.
Bahrain signs civil nuclear agreement with the United States and announces $17bn in public investments
Bahrain has concluded a civil nuclear agreement with the United States and formalised a commitment of $17bn in public investments in the US market, further strengthening bilateral cooperation.
Kairos Power completes installation of third prototype vessel in Oak Ridge
Kairos Power has installed the vessel for its third test prototype in Oak Ridge, aiming to validate manufacturing methods for its future Hermes reactor supported by the US Department of Energy.
UK and Czech Republic sign agreement to accelerate civil nuclear development
London and Prague formalise a strategic partnership to develop the nuclear sector, focusing on small modular reactors and industrial cooperation on supply chains.
Nuclear Waste in France: Experts Call for Strengthened Safety Measures
Experts have broadly approved France’s Cigéo deep nuclear waste repository project, highlighting technical uncertainties that demand stronger guarantees for long-term safety.
Uzbekistan seals deal with Hungary for nuclear cooling technology
Uzbekistan advances its nuclear project by signing a protocol with Hungary for the supply and local assembly of dry cooling systems, expanding its industrial partnerships in the region.
Warsaw seeks EU green light for $49bn nuclear project
Polskie Elektrownie Jądrowe is asking the European Commission to review its $49bn investment to build Poland’s first nuclear power plant, a step required under the Euratom Treaty before any construction permit can be issued.
China urged to strengthen its nuclear regulator to keep pace with growth
The International Atomic Energy Agency mission completed on July 11 warns that the National Nuclear Safety Administration must hire staff to oversee a fleet of 59 reactors in operation and 32 more under construction.
Ukraine: Energoatom signs major agreements with Westinghouse and Holtec
Energoatom signed strategic agreements with Westinghouse and Holtec at the Ukraine Recovery Conference, aiming to establish nuclear fuel production and small modular reactor capabilities in the country.
Iran Relaunches Nuclear Dialogue to Negotiate with the United States, Russia Supports a No-Enrichment Deal
Tehran agrees to reopen its nuclear facilities to the IAEA, aiming to resume negotiations with Washington, while Moscow pushes for a “zero enrichment” agreement without getting involved in supervision.
TerraPower awards three major contracts for its Natrium reactor in the United States
TerraPower has selected three new American suppliers for its advanced Natrium nuclear reactor, confirming progress on the project located in Kemmerer, Wyoming, intended to replace a retiring coal-fired power plant.
EnergyX acquires 35,000 acres of US lithium from Pantera Lithium
Energy Exploration Technologies acquires Daytona Lithium, an Australian subsidiary of Pantera Lithium, for AUD40mn ($27mn), bringing its strategic lithium basin footprint in Smackover, USA to nearly 50,000 acres.
Canada: CCSN approves the ARC-100 reactor design review
The Canadian Nuclear Safety Commission has identified no major barriers to licensing the ARC-100 reactor, announces ARC Clean Technology.
Lithuanian nuclear operator SE Ignalina signs agreement with Newcleo
SE Ignalina, the Lithuanian nuclear operator, has signed a memorandum of understanding with French firm Newcleo to explore the integration of small modular reactors (SMRs) using lead-cooled fast reactor (LFR) technology in Lithuania.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING