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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

Agreement Reached on Proposed LNG Terminal

LCG, May 21, 2003--A location for a potential liquified natural gas (LNG) terminal has been agreed upon by Mitsubishi Corp.'s Sound Energy Systems (SES) and the Port of Long Beach, which together signed a letter of intent pursuant to building on the site.

If built, the terminal would be capable of supplying about 9 percent of the daily demand for natural gas in California, or 700 million cubic feet. Deliveries would be made by ship, in super-cooled vessels. SES spokesman Tom Giles said he believes the next step will be to apply for approval from the Federal Energy Regulatory Commission.

A slowdown in new production at domestic gas fields and the fact that most new generating units are gas-fired has spurred this and other proposals for the West Coast. The imported gas would be expected to come from Asia, and could not only be used for power production but provide fuel for fleets of LNG-powered vehicles, a unique feature. Discussion are now underway on a possible contract for arranging gas supply to Long Beach Energy, a utility.
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