AREVA has signed a series of contracts with German utilities for the delivery of more than 70 TN24E used fuel storage casks, valued at around EUR200 million ($267 million).

The steel TN24E containers are dedicated to the transportation of used uranium-oxide or MOX nuclear fuel. The German Federal Office for Radiation Protection recently approved the cask design "allowing a foreign company to access, for the first time, the market for used fuel management in Germany," AREVA said.