The European Joint Undertaking for ITER and the Development of Fusion Energy or 'Fusion for Energy' is a type of European organisation known as a Joint Undertaking created under the Euratom Treaty by a decision of the Council of the European Union.
'Fusion for Energy' is established for a period of 35 years from 19th April 2007 and is situated in Barcelona, Spain. The organisation has the following Members which can be likened to “shareholders”:
Euratom, represented by the European Commission;
the Member States of Euratom;
third countries which have concluded cooperation agreements with Euratom in fusion that associate their respective research programmes with the Euratom programmes and which have expressed their wish to become Members.
The current Members are therefore the 27 Member States of the European Union, Euratom and, in the near future, Switzerland as a third country. Each Member sits in the Governing Board – the main body which supervises the Joint Undertaking. The Director is the Chief Executive Officer responsible for day-to-day management of the organisation