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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

Maryland’s Cove Point to Receive Liquified Natural Gas Deliveries

LCG, September 9, 2003Tractabel LNG North Americahas agreed to deliver 36 million MMBtu, or about 34billion cubic feet, of liquefied natural gas per yearto Statoil Natural Gas LLC at the Cove Point facilityin Maryland.

Cove Point was reactivated this August as thethird open access liquefied natural gas (LNG)terminal in the United States. Cove Point will beginreceiving LNG October 1, 2003, and most supply isexpected to come from Trinidad.

Statoil Natural Gas LLC will receive 40 percent ofits capacity rights by this arrangement, and TractabelLNG will supply the company for 3 years.

Tractabel LNG North America, based in Houston, isa subsidiary of Brussels-based Tractabel Electricityand Gas International.
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