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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

France's Financial Minister Makes a Move Toward Privatization

LCG, July 17, 2002-The French Ministry of Finance has asked banks to advise on the sale of 13 state-owned companies, which include gas and electricity companies.

Prime Minister Jean-Pierre Raffarin made a promise to sell state assets, and in support of his assertion two tenders have been issued for banks for advice on privatization. Finance Minister Francis Mer hopes to see the process of privatization begin this August.

The first tender involves the sale of parts of gas giant Gaz de France and state electricity company Electricite de France.

The banks have until the end of this week to give gas and electricity privatization recommendations; the second tender, relevant to other state-owned companies, has a deadline of next week Monday.

Some French organizations have denounced the plans for privatization, including one of France's major trade unions, Confederation Generale du Travail, which asserts that the Ministry had not conducted proper consultations before going ahead with privatization.

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