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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

Florida Energy Companies Contest Bidding Process

LCG, November 20, 2002Yesterday, Florida regulators approved a Florida utilitys new energy projects, and other energy companies said the bidding process is unfair.

Florida has two major utilities, Florida Power and Florida Power and Light (FPL). Since 1994, these utilities have been responsible for taking in bids for new generation projects, despite the fact that the utilities themselves make bids for the projects.

Other, independent power companies have said this process is discriminatory and point to new generation constructed since 1994; all projects over the last 8 years have been awarded to either Florida Power or FPL.

Some independent companies, as part of a coalition called the Florida Partnership for Affordable Competitive Energy (PACE), have complained to the Florida Public Service Commission, which is responsible for setting the bidding process.

The Public Service Commission will meet in the next few weeks in order to reevaluate the bidding process.

The most recently approved Florida generation project will be constructed by FPL. 789 megawatts will be added to the Martin plant, and 1,107 MW will be constructed at the preexisting Manatee plant. Both additions will be natural gas-fired, and the projects will cost $500 million and $600 million, respectively.

The PACE organization includes energy companies Calpine Corp., Constellation Energy Group, Duke Energy, and Reliant Energy.

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