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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

CMS Energy To Exit Exploration, Production of Oil and Gas

LCG, May 30, 2002--The Michigan-based gas and electric utility CMS Energy, whose chairman and chief executive William T. McCormick Jr. resigned last week, will sell its CMS Oil and Gas Co. business arm, in order to lower its debt and raise capital.

CMS Energy had received attention because of news in the past two weeks concerning reciprocal energy trades with other energy trading companies, including Reliant Resources and Dynegy Inc. Such trading inflated revenues by over $5 billion over two years, nearly a quarter of its revenue.

The oil and gas operations of CMS are found in the Permian Basin of west Texas, as well as abroad, in Cameroon, the Republic of Congo, Colombia, Eritrea, Tunisia, and Venezuela. According to company spokesman Dan Bishop, the unit it intends to sell is a small part of its business. According to 2001 financial reporting, revenue from the unit accounted for less than 2 percent of revenues.

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