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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

Poland to Privatize Energy

LCG, May 20, 2002-G8 northern distributor group and Warsaw power distributor STOEN will go up for sale to foreign investors.

Some parties in the Polish Ministry of Economics oppose the sale, saying that the companies' assets should be sold off separately to prevent regional monopolization. Investor concerns have prevailed over other objections; international institutions have criticized the government for being slow to privatize its energy sector and worry that Prime Minister Leszek Miller prefers state control.

Treasury Minister Wieslaw Kaczmarek announced last week that the state would reclaim almost insolvent Szczecin, a major shipbuilding company, in the interest of 6,000 jobs and for symbolic value. International analysts worried that this move is an indication of a more widespread government sentiment opposing privatization.

Some investors seeking to purchase the G8 group include local ElDystrybucja and Germany's E.ON.

Electricite de France, Belgium's Electrabel, and Germany's RWE have been picked by the treasury to bid on STOEN.

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