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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

Cal-ISO to Line Up Band-Aid Power for Next Summer

LCG, Oct. 5, 2000the governors of the California Independent System Operator yesterday sent the Cal-ISO staff in search of temporary peaking power to help the agency avoid the power crunches that threatened to force rolling blackouts all summer long this year.

Due to a strong economy fueled by a power-hungry high tech industry, and because regulatory fiddle-faddling has delayed the development of new power plants, the state's demand for electricity has outstripped its ability to produce power. It is estimated that Silicon Valley, in the southern San Francisco Bay Area, has a power demand that grows by 10 megawatts per day.

During this past summer, Cal-ISO was forced to declare an unprecedented 31 "stage two" power emergencies this past summer, and ask utilities to conserve power.

Yesterday's action by the ISO's Board of Governors will allow the purchase of up to $255 million worth of peaking generation. The projects under consideration amount to about 2,000 megawatts, after a preliminary evaluation based on environmental, economical and reliability considerations.

Patrick Dorinson, a spokesman for Cal-ISO, said "The board approved management to pursue agreements for temporary peaking power generators that would be used to maintain electric reliability during the summer months."

The ISO would have the right to call on the peaking power for up to 500 hours during the summer season, between June 1 and October 31, in exchange for a capacity payment. The ISO would require that the generation be scheduled in the forward markets as much as possible. An astonishing 25 percent of power purchases this past summer were made in the highly volatile spot market.

Owners of the units would be allowed to run the plants whenever they wished and participate in the markets on their own, so long as it did not interfere with Cal-ISO's ability to call on those plants when needed to ensure reliability.

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