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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

Newsmakers

Richard K. Gordon has been elected a director of natural gas distributor Atmos Energy Corp. He is vice chairman for investment banking with Merrill Lynch & Co.

Richard K. McGee was named president and chief executive of the Duke Energy International unit of Duke Energy Corp., replacing Bruce A. Williamson. McGee joined Duke Energy in 1999 as vice president and general counsel of Duke Energy Services.

Michael S. Peck has been assigned by the Nuclear Regulatory Commission as resident inspector at the Richland, Wash. nuclear power plant operated by the Washington Public Power Supply System. He makes the move from the nearby Hanford facility of the Department of Energy.

Carlos Saladrigas has been elected a director of Progress Energy Inc. effective September 1. He is chief executive of ADP TotalSource and chairman of Premier American Bank in Miami, Fla.

Bruce A. Williamson has been named president and chief executive of the newly created Duke Energy Global Markets unit of Duke Energy Corp., with responsibility for all Duke Energy business units with global commodities and international business positions. He has been president and chief executive officer of Duke Energy International since 1998.

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