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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

FPL Energy Wants to Own 50 Percent of Nuclear Operator

LCG, Sept. 15, 2003--FPL Energy has reached an agreement with British Energy concerning the price at which it could acquire British Energy's 50-percent stake in the nuclear power-plant operator AmerGen Energy.

The deal, worth $276.5 million, would need to receive approval by the other owner, Exelon Corp., a Chicago-based utility holding company. Unless Exelon exercises its right of first refusal within 30 days, FPL Energy, a subsidiary of FPL Group, would be able to complete the purchase in the first quarter of 2004. FPL Energy would receive $8.3 million from Exelon if the purchase was refused.

AmerGen Energy operates nuclear plants in Clinton, Ill., Middleton, Pa., and in Lacey, New Jersey. The three plants have a total capacity of 2,480 megawatts. FPL Energy currently owns one nuclear plant in Seabrook, N.J., as well as approximately 90 other gas-fired and wind-powered generating units across the country.
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