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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

AES Gets Go-ahead for White Nile Hydro Facility

LCG, Dec. 21, 2001--AES Corp. announced today that the Uganda government has granted its AES Nile Power subsidiary final approval to begin the construction of a $550 million, 200 megawatt hydroelectric facility on the Nile River at a site about 6 miles north of Lake Victoria.

The AES unit will own, operate and construct the hydroelectric facility and related transmission lines and two substations. A local partner, Madhvani International, will take a minority interest in the business. The facility will take about four years to complete.

Power will be sold under a 30-year power purchase agreement to the government-owned Uganda Electricity Board and its successor once the UEB is privatized. The government of Uganda has guaranteed payment under the agreement.

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