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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

Hudson Transmission Project Goes Live

LCG, June 4, 2013--PowerBridge, LLC announced yesterday that its affiliate, Hudson Transmission Partners, LLC ("HTP"), has completed the underground and underwater electric transmission project between Ridgefield, New Jersey and Manhattan, and the project has now commenced power delivery to Manhattan. Construction on the project commenced in May 2011.

The Hudson Transmission Project employs an HVDC (High Voltage Direct Current) technology to provide up to 660 MW of power via a 345-kV AC cable from the PJM grid into Manhattan. A back-to-back AC-DC-AC converter station was constructed at 1 Railroad Avenue in Ridgefield, New Jersey to control very precisely and reliably to serve Manhattan.

The transmission cable extends from the PSE&G Bergen substation in Ridgefield to the nearby HVDC converter station, and it then runs approximately 3.5 miles underground to Edgewater, New Jersey, where it enters the Hudson River and is buried a minimum of 10 feet below the bottom of the river. The cable proceeds southward down the river on the New York side for about three miles before turning toward a landfall point, terminating at the Con Edison West 49th Street substation.

The estimated project cost is approximately $850 million.

In addition to the Hudson Transmission Project, PowerBridge completed the 660 MW Neptune undersea transmission project in June 2007. The Neptune Project extends 65 miles between New Jersey and Long Island.

The President and Chief Executive Officer of PowerBridge stated, "Like Neptune, the Hudson project shows how this type of technology can bring reliable electric power to densely populated areas in a cost-effective, non-controversial, and environmentally friendly way. It is also a great example of public and private interests working successfully in partnership to expand and modernize the nation's electric system.... In addition, we particularly want to acknowledge the extraordinary teamwork and cooperation of our customer the New York Power Authority, our principal contractors Siemens and Prysmian, Con Edison, the regional transmission organizations PJM and NYISO, New Jersey utilities PSE&G and First Energy, our investors and lenders, and the many talented workers who helped design, build, and install the project."
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