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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

PNM Begins Building 225 Megawatt Power Plant

LCG, Nov. 16, 2001--Public Service Co. of New Mexico broke ground yesterday on a new power plant in southern New Mexico near the chile pepper capital of Las Cruces.

The 225 megawatt natural gas-fueled plant will be built in two phases, with 135 megawatts produced in simple cycle scheduled to be in commercial operation by the end of October, next year. The plant will then be expanded to its full combined-cycle output by the fall of 2003.

"Building a new generating station reinforces our commitment to expand our wholesale business focus," said PNM Executive Vice President Bill Real. "It is also part of our promise to invest in New Mexico in order to improve the reliability of the regional power supply."

PNM said the new plant would sell its power into the Western wholesale market. The company noted that it had recently signed a contract with Texas-New Mexico Power Co. to provide electricity for that company's customers in southern New Mexico. Afton will supply some of that power.

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