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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

Bulgaria to Promote Energy Resources, Market

LCG, Feb. 21, 2002--The Bulgarian cabinet today agreed that within the next three to four years, Bulgaria should focus on stimulating transparent energy markets within the country, and on lowering its requirements for imports of energy.

In a document released by the Council of Ministers Information and Public Relations Directorate, the outline of a national plan highlighted positive economic results that could come from efficiency, and the possible market structure and legal framework that would encourage engineering efforts using efficient technology.

The strategy also suggested that the government should play a diminished role in controlling energy markets, while true long-term costs would be reflected in prices.

Currently, Bulgaria's energy needs are met by importing 70 percent of energy resources. The ratio of energy consumption to national economic output has increased over the past decade, making Bulgaria less efficient than all other Central and Eastern European countries in terms of energy intensity.
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