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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

Panda Plans 1,300 Megawatts for West Point, Texas

LCG, Jan. 12, 2001--Panda Energy International, Inc. yesterday announced the development of a $400 million, 1,300 megawatt merchant electric power plant in West Point, Texas, called the Panda Black Prairie Project. Construction is set to begin in the spring of 2002 and will take about 18 months.

City officials stated the plant will add at least $2.9 million to the tax base, $1.2 million of which will be earmarked for the West Point Public School District.

About 500 jobs and an estimated payroll of $50 million will be created during the construction period, the company said. When the plant goes into service in 2004, it will employ 45 people with over $2 million in annual payroll. Panda said it is committed to searching the local area for qualified employees before going outside the state.

West Point Mayor Kenny Dill said "The tax dollars Panda generates will help us improve roads and infrastructure, and enable our school system to add programs and facilities that otherwise would not have been possible.''

Dr. Randy Hamblin, West Point schools superintendent, was no less enthusiastic. "I understand that Panda Energy has long been a supporter of public education in the communities in which they are located, he said. "We are looking forward to having a good relationship with them here, as well."

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