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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

California Re-regulation Likely to Reverse Under Schwarzenegger

LCG, Oct. 10, 2003--California Governor-elect Arnold Schwarzengegger favors more emphasis on an open power market than outgoing Gov. Davis, and will likely try to encourage investment in new generation and transmission infrastructure for the state.

One of the changes to state policy enacted in the past year was the demise of directly negotiated contracts between energy suppliers and large customers. Schwarzenegger's position statements and comments by aides signal that he would favor allowing such contracts again. He would also reportedly try to bring about greater diversification of fuels used by new generating plants, to lessen price volatility associated with natural gas.

Under Schwarzenegger, cooperation with other states on grid connections and long-term planning could also receive greater attention.

California's experience with market manipulation have caused California regulators to move in the direction of a possible role for the state's major utilities in making long-term arrangements for access to dedicated generating units, as in the traditional regulated model. Schwarzenegger is unlikely to make utilities or the state responsible for a greater share of generation, and instead favors better policing of electricity markets to prevent manipulation.
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