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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

Germany's RWE Moves Further into Dutch Gas Market

LCG, Feb. 23, 2001RWE Group of Essen, the big German electric and gas utility, said this morning that its RWE Gas AG has "further consolidated" its position in the Dutch natural gas market with the acquisition of The Netherlands' fifth-largest gas company Obragas.

RWE Gas will acquire a 90 percent interest in Obragas for 329 million euros ($298 million U.S.), subject to approval by Obragas shareholders and Dutch regulators. The economic effect of the transaction will be retroactive to Jan. 1, 2001, RWE said.

Last month, RWE acquired 90 percent of Intergas, a smaller Dutch gas company, and last year bought Nutsbedrijf Haarlemmermeer, an even smaller company. The three acquisitions give RWE a 7 percent share of the Dutch natural gas market, with about 365,000 customers.

Manfred Scholle, chief executive of RWE Gas, said the acquisition of Obragas "will strengthen the position of the RWE Group in the international gas business." The company is Germany's second-largest gas supplier and has interests in Poland, the Czech Republic, Hungary and Slovakia. Belgium may be next, according to a company spokesman.

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