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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

First Solar and PNM Sign Agreement for Solar PV Projects in New Mexico

LCG, January 21, 2010--First Solar announced Tuesday that it executed an agreement with PNM to build 22 MW of solar photovoltaic (PV) electric generating capacity at five sites within PNM's service territory in New Mexico.

"We are proud to have a company with First Solar's internationally recognized expertise and reputation building these facilities to help us meet the growing energy needs of our customers," said Pat Vincent-Collawn, PNM president and CEO.

State regulators must now review and approve the contract between PNM and First Solar. The contract would be the first contract under the terms of a new agreement PNM reached with state environmental, renewable energy and governmental entities. The new agreement with state entities is scheduled to be filed with the New Mexico Public Regulation Commission on Monday and targets installing a total of 45 MW of utility scale solar PV to PNM's system in the next two years.

First Solar will install the systems and use PV panels it manufactures. Construction is scheduled to commence following regulatory approval and to end by late 2011. When the projects are completed, PNM will own the projects.
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