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News
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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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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
Finland's New Nuclear Reactor Delivering Power to the Grid
LCG, March 15, 2022--Finland's new nuclear reactor, Olkiluoto 3, commenced operations Saturday and began delivering power to the grid. The Finnish operator Teollisuuden Voima Oyj (TVO) stated that the 1,600-MW reactor will be gradually increased from operating at 103 MW to full capacity over a trial period of four months. Once regular electricity production is achieved, the reactor will supply approximately 14 percent of Finland's total electricity demand. Furthermore, it will significantly reduce electricity imports from Norway, Russia and Sweden.
The Olkiluoto 3 reactor is the first new reactor to be commissioned in Finland in more than 40 years. The reactor design is a third generation European-type pressurized water reactor (EPR) developed and built by a joint venture between France’s Areva and Germany’s Siemens. Finland now has five nuclear reactors at two power plants located along the Baltic Sea.
Construction began in 2005 and was originally scheduled to be completed in 2009. A number of technical and legal problems have led to the significant delays in completion and cost increases.
The Olkiluoto 3 is among western Europe's first new reactors in over ten years.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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