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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

Gas Drilling Sites Selected Off Canadian Coast

LCG, June 16, 2003--Two companies working on a natural gas project off Nova Scotia announced today that they have selected a location for drilling to take place later this year that is 275 kilometers (approximately 171 miles) southeast of Halifax.

The companies, Canadian Superior Energy Inc. and El Paso Corp.'s Canadian subsidiary, purchased the site in November 2001, with an outlay of $15.5 million ($11.54 US) they said they would spend on exploration. Canadian Superior is also developing a deep-water site, Mayflower, that is 460 kilometers (286 miles) east of Boston.

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