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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

Senators Wary of Standard Market Design

LCG, Feb. 12, 2002--Senator Pete Domenici, R-N.M., told attendees of a press conference today that the Federal Energy Regulatory Commission will need to build support among Senators, particularly those representing Western and Southeastern states, for the agency's proposed "standard market design" rules.

Domenici noted that FERC Chairman Pat Wood III will attempt to address Senators' concerns about the possibility of regional power prices rising in markets where prices have lately been relatively low. Wood plans to deliver a report in April which is to respond to concerns which have come from local regulators, who may find their oversight abilities reduced. The transition to standard market design, which would redistribute authority over wholesale power markets nationwide, may be conducted on a region by region basis rather than all at once.

Depending upon members' willingness to endorse changes in market operations, Domenici said Congress could prevent regulatory changes through appropriations bills and other means. "Essentially the issue is nobody knows enough about it," he stated, at the event sponsored by the U.S. Energy Association and Energy Daily.

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