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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

PG&E Executes Contract with NextEra for 250 MW of Solar Power

LCG, October 26, 2009--Pacific Gas and Electric Company (PG&E) yesterday announced a new power purchase agreement (PPA) with NextEra Energy Resources, LLC, a subsidiary of FPL Group, for solar power from the proposed Genesis Solar Energy Project, a 250-MW facility to be built in Riverside County, California. Construction on the project is scheduled to commence in late 2010, with operations planned to begin approximately 30 months later.

The Genesis Project will include two, 125-MW units that will incorporate parabolic trough solar thermal technology. Over 500,000 parabolic mirrors will be assembled in rows to reflect and focus the sun's energy in order to produce steam that powers a steam turbine generator. The mirrors will be located on an approximately 1,800-acre site in the Sonoran Desert between Center and Blythe. NextEra Energy Resources has operated for many years a similar solar facility, the SEGS solar facilities located in the Mojave Desert.

The PPA is subject to approval by the California Public Utilities Commission (CPUC). In addition, NextEra Energy Resources filed in August an Application for Certification with the California Energy Commission (CEC) to construct, own and operate the project. NextEra Energy Resources also filed for a right-of-way grant with the Bureau of Land Management (BLM) for this project.

California passed a Renewable Portfolio Standard (RPS) Program that requires utilities like PG&E to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year. Last month, the Governor signed an Executive Order that increased the requirement to 33 percent by 2020 and that now applies to all utilities, including publicly-owned municipal utilities.
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