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RWE Commissions the 200-MW Stoneridge Solar Project in Texas

LCG, November 26, 2025--RWE announced today the commissioning of the Stoneridge Solar project, located in Milam County, Texas. The project capacity is 200 MW of solar power, plus a battery energy storage system (BESS) that provides 100 MW (200 MWh) of battery storage capacity. The BESS improves the supply of short-term, reliable, affordable electricity in ERCOT.

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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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Industry News

Takeover Panel Ruling Favors U.S. Bidder for Hyder

LCG, Aug. 16, 2000--The British governments takeover panel yesterday threw out a petition by Nomura International that would have excluded an American-owned firm, Western Power Distribution Ltd., from bidding for the Welsh utility Hyder Plc.

Nomura sought to exclude Western Power on the basis that its bid had been received too late for consideration. The Japanese firm could raise the issue again if it challenges the takeover panels ruling in court.

Western Power, a joint venture between The Southern Co. and PPL Inc., had submitted a final offer of 3.65 ($5.48 U.S.) per share for Hyder in what had become a bidding war between it and Nomura.

In April, Hyder began looking around for a buyer and Nomura stepped forward with an offer of 2.60 ($3.90), which Hyders board recommended to shareholders. Western Power then came into the picture with an offer of 3.00 ($4.50), which Nomura quickly bumped to 3.20 ($4.80). Well see your raise and sweeten it to 3.40 ($5.10) said Western Power, and the Hyder board switched allegiances.

At that point, Nomura raised the stakes to 3.60 ($5.40) and people started asking where it would all end. Among them was the takeover panel and with government involvement the situation became less clear.

Elizabeth Warwick, a spokeswoman for Hyder, told the Associated Press "It all seemed to have descended into chaos from there on in."

It is no clearer today, except there are still two bidders instead of one as Nomura wanted.

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