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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

Lightning Knocks Out Canadian Hydro Plant

LCG, June 6, 2001The Akolkolex Hydroelectric Plant near Revelstoke, British Columbia was struck by lightning late Monday, causing a fire in the control room. The plant shut down according to plan under its emergency systems, operators said.

It was the first major property damage at the plant in more than six years of operations, according to Canadian Hydro Developers Inc. The company said it appears initially that the damage was limited to the control panels, with the generator and turbine remaining unharmed. Canadian Hydro will order new control equipment and have it installed "without delay."

Ross Keating, president of Canadian Hydro, said "It is very disappointing that this damagehas occurred during the spring runoff period. We will be doing our best to be back on line as soonas possible."

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