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Oklo and Siemens Energy Sign Agreement to Accelerate Power Conversion System for New SMR in Idaho

LCG, November 19, 2025--Oklo Inc. and Siemens Energy announced today that the parties have signed a binding contract for the design and delivery of the power conversion system for Oklo’s Aurora-INL (Idaho National Laboratory) nuclear small modular reactor (SMR). The agreement authorizes Siemens Energy to begin engineering and design work to expedite procurement of long-lead components and to initiate the manufacturing process for the power conversion system. Oklo’s expertise in advanced fission technology will be combined with Siemens Energy’s extensive industry experience with steam turbine and generator systems, with the ultimate goal of generating carbon-free, reliable electricity.

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NERC's New Winter Reliability Assessment Raises Concerns for Elevated Risk of Insufficient Supplies to Meet Demand in Extreme Operating Conditions

LCG, November 19, 2025--NERC yesterday released its 2025–2026 Winter Reliability Assessment (WRA), which concludes "much of North America is again at an elevated risk of having insufficient energy supplies to meet demand in extreme operating conditions." The WRA does state that resources are adequate for normal winter peak demand, but extended, wide-area cold snaps will be challenging.

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Industry News

Cinergy Invests in e-Biz Firm

LCG, July 6, 2000--Cinergy Corp. of Cincinnati said this morning that it would buy in two phases about 5 percent of the common stock in an e-business firm named Convergent Group. The first phase will be an investment of $10 million for an undisclosed number of shares in the dot-com company.A second phase will take place when Convergent goes public. At the time of its initial public offering, Cinergy will acquire the balance of its 5 percent stake at a discount to the IPO price.In addition, Cinergy has hired convergent to co-develop and put into effect a multi-tiered program focusing on customer service through which Cinergy will use the Internet to more effectively compete in the changing marketplace for energy.James Rogers, chief executive of Cinergy, said This strategic alliance will move us forward in creating the digital energy company of the future. Our equity investment in Convergent is an indication of our confidence in their business model, based on first-hand successes, and out commitment to investing in technology that reshapes our business.Rogers added that his vision is for a customer to be able to place a service request and have it transacted on-line without a human hand touching it of a human eye looking at it.We will try that the next time we need the gas man to come out an light a pilot light.
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