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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

Energy Legislation Could Reverse 70's-Era Law

LCG, Sept. 23, 2003--Owners of cogeneration plants that produce electricity as well as steam for manufacturing and industrial processes are lobbying for the preservation of the Public Utilities Regulatory Policies Act (Purpa), crafted in the '70s, that requires utilities to purchase cogenerated power.

Sen. Pete Domenici and Rep. Billy Tauzin are siding with a large group of utilities that want to see the end of Purpa, under which rates for cogenerated power are regulated. Oil refiners and chemical companies with cogeneration plants have acknowledged that in some instances, utilities may have paid more than necessary for power under Purpa, but they contend that the plants are efficient as intended, and that getting rid of the requirement will not necessarily lead to lower power prices for utilities and consumers.

The amendment developed by Domenici would not result in an across-the-board shift away from Purpa, but allow the Federal Energy Regulatory Commission to determine in which markets a competitive wholesale market could benefit energy purchasers. ExxonMobil, which supports Purpa, believes that both existing and future cogeneration plants could be stifled if the amendment is passed. Purpa was signed into law when foreign oil imports and energy supplies became a national concern.
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