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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

Russia Will Continue With Iranian Nuke Project

LCG, July 29, 2002-Russia will build nuclear reactors in Iran, despite Bush administration opposition.

Russian construction of a nuclear plant near Bushehr has been delayed for years, and the Bush administration had repeatedly requested that Russia back out of its agreement to build the Gulf coast plant.

However, Prime Minister Mikhail M. Kasyanov approved plans for Iranian nuclear development last week. Long-term plans include building as many as 6 reactors at the Bushehr site and one other site. These plans contradict earlier assertions that Russian participation would end with the Bushehr plant.

Russia has an $800 million contract to build one reactor at the Bushehr site, signed in 1995, and over 1,000 Russian engineers and technicians are involved with the project.

U.S. officials fear that nuclear technology will be turned to military applications, and the new plans may stress relations between the Russian and U.S. governments.

Russia also plans to be involved in oil and gas development in Iran, including the construction of gas pipelines.

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