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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

Tractebel Set to Exit India

LCG, Aug. 16, 2001--India, which set out a decade ago to attract foreign investment by reforming its electric power sector, is about to lose yet another foreign investor because of contractual disputes, the Economic Times reported this morning.

Tractebel of Belgium will sell its stake in a 50-50 joint venture, Jindal Tractebel Power Co., with Jindal Vijaynagar Steel, the paper said.

Tractebel thus will follow Cogentrix of the U.S. and Electricit de France in walking away from the bureaucratic entanglements of India. Enron Corp. of the U.S. is on the verge of selling its 65 percent interest in the huge $2.9 billion Dabhol power project, India's largest foreign investment, for a bargain basement $1 billion, and AES Corp., another American company, has said it is ready to depart its investments in India.

Tractebel appears to have reached an arrangement with its partner through two of its companies, after Saw Pipes and Jindal Steel & Power agreed to pitch in with 250 million rupees each to help meet a 2.35 billion rupee payout to Tractebel, the paper said.

The Economic Times said it had learned that Tractebel may also consider withdrawing from the International Chamber of Commerce. Tractebel had initiated arbitration proceedings against JVSL requesting compensation towards damages suffered by it, the paper said.

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