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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

China Energy Chief Gone Missing

LCG, October 22, 2002-China's State Power Corporation chief has been officially missing for several weeks amid allegations of corruption.

Gao Yan, director of the State Power Corporation, may have gone to Australia to escape prosecution, some speculate.

In a second and likely related mystery, Shenzhen Energy Group chairwoman Lao Derong disappeared last week.

Some corruption experts contend that party leaders may be looking for officials to punish in order to take off some of the pressure from public outrage at widespread fraud.

Plans for prosecution of Yan comes as several other high-ranking Chinese officials find themselves under scrutiny. This year China Central Television executive Zhao An, as well as a number of banking and finance executives and China Everbright executive Zhu Xiaohua have been prosecuted and in some cases imprisoned for improper business practices such as taking bribes.

China's power chief was expected to resign this year after the country's deregulation began; China plans to split its State Power Company into a number of separate companies in an effort to create competition. Australian officials have so far been unable to verify whether or not Yan has entered their country.

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