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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

Chevron to Increase Capacity at Sabine Pass LNG Terminal

LCG, December 2, 2005--Cheniere Energy, Inc. announced yesterday that Chevron Global Gas, a unit of Chevron Corporation, has exercised itsoption to increase capacity to 1 Bcf/day at Cheniere's new Sabine Pass Liquefied Natural Gas (LNG) terminal. The terms of the original agreement, executed in November 2004, provided for 700 MMcf/day of capacity over a 20-year period to begin no later than July 2009.

The Sabine Pass LNG Terminal is being built near Sabine Pass in Cameron Parish, Louisiana. Construction on the LNG facility began in March 2005.

The LNG terminal will receive LNG tankers and vaporize the LNG into natural gas, which will then be transported into the transmission pipeline network serving much of the Central and Eastern United States. The terminal is designed with a sendout capacity of 2.6 Bcf/day in the first phase, which is scheduled to commence operations in 2008.

In July 2005, Cheniere filed with the Federal Energy Regulatory Commission (FERC) a second phase for the project that would increase the sendout capacity of Sabine Pass LNG Terminal to 4 Bcf/day. According to Cheniere, the expansion could open between 2009 and 2010.

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