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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

EU Regulators Okay Montedison Takeover

LCG, Aug. 28, 2001--European Union regulators this morning tentatively approved the takeover of Italy's second-largest utility Montedison by Fiat and Electricit de France, but warned that they would reopen the case if EdF begins to exercise control.

"The takeover will not adversely affect competition in the Italian electricity market," the European Commission said in a statement. "Montedison will be controlled by Fiat and the latter has only a small activity in the electricity sector."

But the EU is cautious about EdF's intentions. It is Europe's largest power company and owns 18 percent of Italenergia, the bidding vehicle being used by it, Fiat and a group of banks to acquire Montedison.

The Italian government, more than cautious about EdF's intentions, passed legislation in May to limit the French company's voting rights to 2 percent. Eventually, Italenergia agreed to "voluntarily" accept the 2 percent limit on EdF's vote.

"At the moment it is no doubt that EdF does not have any control, any influence over Italenergia," said European Commission spokeswoman Amelia Torres. "Two percent would not give anyone control."

EdF has earned the watchfulness of the Commission. The French national monopoly was a year late in opening up its own market to competition and then did so to the minimum allowable extent. It has also been aggressive is purchasing utilities in other European nations while denying entry to its own.

The Commission is currently investigating complaints that France provides state aid to EdF, which gives it an unfair competitive advantage, which is against EU rules.

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