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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 May Challenge U.K. Over Aid to Energy Co.

LCG, April 8, 2003AES Corporation, owner of the Drax power station, may challenge the British governments decision to give 2.1 billion pounds in aid to British Energy.

AES finds the financial assistance is unfair because, AES believes, the energy market will be negatively affected and electricity prices will not rise with the market.

Late last year the European Commission approved up to 889 million pounds in aid to British Energy in order to guarantee electricity supply and nuclear safety.

TXU Europe, the large Drax plants major customer, collapsed recently. Its demise forced AES to reconsider its financial situation regarding Drax. AES may participate in a debt-for-equity trade with Drax creditors for greater than 1 billion pounds.

AES is likely to decide whether or not to go ahead with the challenge this week. If the company takes the issue to court, it is likely to file with the European Court of First Instance.

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