Orano, a nuclear fuel cycle company, and XTC New Energy, a specialist in the production of cathode materials for batteries, agreed to form a joint venture. Financial terms were not disclosed. "We are proud of these agreements, which see Orano and XTC New Energy combine their strengths and know-how to contribute to the development of a new industrial sector in France. This partnership confirms our determination to position Orano as a key industrial player in the energy transition and circular economy," Philippe Knoche, Orano CEO.