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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

Duke Power to Add 640 Megawatts for Native Load

LCG, Aug. 10, 2001--Regulated utility Duke Power Co. said yesterday it has selected a site in Cherokee County, S.C., for its newest energy facility, a 640 megawatt, natural gas-fired power plant which is expected to cost about $300 million.

Duke said it plans to begin building the new facility in January and has penciled in the Summer of 2003 for the start of commercial operation.

"The Mill Creek power plant will be a tremendous asset as we continue providing reliable, competitively priced electricity to our two million customers in North Carolina and South Carolina," said Duke Power President Bill Coley. "Over the last five years we've added almost 300,000 new customers," he said. "We have an adequate supply of electricity today, but we see the need for new peaking generation to support the region's economic growth."

South Carolina state officials were delighted with Duke's investment in their state and with efforts of local governments to seek out investment in their communities.

"As this region grows, community and business leaders must reach out beyond their boundaries to achieve the next level of growth for their area," Governor Jim Hodges said. "We are pleased that Cherokee County took the steps needed to make this a reality."

Duke said the eight-unit, combustion turbine plant is designed to operate as a "peaking" plant, providing electricity primarily during the periods when customers' use of electricity is at its greatest.

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