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RWE Commissions the 200-MW Stoneridge Solar Project in Texas

LCG, November 26, 2025--RWE announced today the commissioning of the Stoneridge Solar project, located in Milam County, Texas. The project capacity is 200 MW of solar power, plus a battery energy storage system (BESS) that provides 100 MW (200 MWh) of battery storage capacity. The BESS improves the supply of short-term, reliable, affordable electricity in ERCOT.

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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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Industry News

California Reviews Bids to Provide Long-term Power

LCG, Jan. 23, 2001The California Department of Water Resources began this morning to accept sealed bids for mid- to long-term electricity contracts. The "auction," announced yesterday by Gov. Gray Davis, began at 9:00 a.m. this morning and will run until noon tomorrow.

In a news release yesterday, Davis said that bids will be accepted for power delivery over six-month, three-year, five-year and 10-year periods. The statement did not say when successful bids would be announced.

"I expect these bids on long term energy contracts should stabilize the market and drive the price ofelectricity down," Davis said in the statement. "This is a key step in our efforts keep the lights on in California at a reasonable price."

Prices for power under mid- and long-term contract is expected to be substantially lower than the prices paid by Pacific Gas & Electric Co. and Southern California Edison Co. on the spot market they were forced to use by California's electric restructuring law.

The two utilities, having exhausted their financial resources subsidizing the low retail electricity prices imposed by the law, are no longer able to purchase power for their customers. Last week, Davis named the Department of Water Resources to run a $400 million emergency power purchase plan to take up the slack.

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