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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

NRC Renews License for Dry-Cask Spent Fuel at Surry Station

LCG, March 3, 2005--The Nuclear Regulatory Commission (NRC) has renewed Dominion Generation's license for its dry-cask independent spent fuel storage installation at the Surry nuclear power plant located near Surry, Virginia.

The renewal is exceptional in that it marks the first time that the NRC has renewed a license for a dry-cask spent nuclear fuel storage facility. Furthermore, the 40-year term of the renewal for spent fuel storage facilities represents an exemption from the NRC regulations that specify a 20-year license term. The NRC stated that the exemption is allowed for in that dry casks are an interim storage solution until a more permanent solution is available.

The renewal includes strict terms with respect to inspections and monitoring the aging and integrity of the casks. The current operating licenses for the two reactors extend through 2032 and 2033, respectively.

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