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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

Plug Power Expands Deals with GE, DTE

LCG, Aug. 30, 2001--Plug Power Inc. announced today that it has finalized new agreements with GE Fuel Cell Systems, GE MicroGen Inc., GE Power Systems Equities and DTE Energy Technologies in line with deals worked out earlier this year.

Under the new agreement, GE Fuel Cell Systems' exclusive, worldwide distribution rights are expanded to include the full range of Plug Power's stationary proton exchange membrane fuel cell systems where the previous agreement excluded fuel cell systems greater than 35 kilowatts and systems designed for uninterruptible power supply applications.

That agreement isn't quite worldwide, in that it excludes a four-state territory served by DTE.

As part of the GE deal, Plug Power has increased its ownership in GE Fuel Cell Systems to 40 percent from its previous 25 percent and, in return, will grant GE Power Systems Equities options to purchase 725,000 shares of Plug Power common stock.

Plug Power said it also completed a separate agreement with DTE Energy Technologies expanding their exclusive distribution rights within the states of Michigan, Illinois, Ohio and Indiana. Under the agreement, DTE will market and distribute all sizes of Plug Power's stationary fuel cell systems for use in any power application, except for propulsion.

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