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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

Dominion Energy Virginia Receives Approval to Add Nearly 1,000 MW of Clean Energy

LCG, March 17, 2022--The Virginia State Corporation Commission (SCC) approved on Tuesday an expansion of solar and energy storage projects approaching 1,000 MW for Dominion Energy Virginia customers. The approved expansion includes 15 Dominion Energy Virginia projects, plus power purchase agreements (PPAs) with 24 other projects owned by third-party developers.

The projects developed by Dominion are scheduled to be completed in 2022 and 2023, adding approximately 665 MW of solar capacity and 70 MW of storage capacity.

The president of Dominion Energy Virginia stated, “This is another significant milestone in Virginia's transition to energy independence. These projects will support thousands of good jobs and hundreds of millions in economic activity in communities across Virginia. This is a positive step forward for our customers, the environment and Virginia's economy.”

The projects will advance Dominion Energy down its path toward net zero greenhouse gas emissions while meeting the future energy needs of its customers.

In 2020, the State of Virginia passed the Virginia Clean Economy Act (SB 851) that calls for Dominion Energy Virginia and the smaller Appalachian Power Co. to (i) supply 30 percent of their power from renewables by 2030 and (ii) close all carbon-emitting power plants by 2045 for Dominion and by 2050 for Appalachian.
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