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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

BP and Edison Plan California Power Plant with CO2 Sequestration

LCG, February 15, 2006--Edison Mission Group (EMG), a subsidiary of Edison International, and BP recently announced plans to build a hydrogen-fueled power plant in southern California that would generate electricity from petroleum coke with minimal carbon dioxide (CO2) emissions. The proposed, 500-MW project would utilize new financial incentives included in the Federal Energy Policy Act of 2005 for advanced gasification technologies.

The site of the new plant is adjacent to BPs Carson refinery, which is about 20 miles south of Los Angeles. The proposed plant would include a gasifier to convert petroleum coke produced at refineries into hydrogen gas that would fuel gas turbines used to generate electricity. The hot exhaust gas from the turbine can also be used to heat water to produce steam to power a steam turbine and generate electricity a second time. The environmentally sensitive plant design incorporates the use of recycled and treated city waste water for plant needs

As part of the process, the CO2 gas would be captured and transported via pipeline to oil fields, where the CO2 would be injected underground into the oil reservoirs to improve oil production and sequester the CO2 from the earth's atmosphere. The CO2 is produced along with the recovered oil, then recycled and reinjected. The companies estimate that about 90 percent of the CO2 would be sequestered. In November 2005, the Department of Energy (DOE) announced that a DOE-funded project had successfully sequestered CO2 into the Weyburn Oilfield in Saskatchewan, Canada, while doubling the fields oil recovery rate.

BP is discussing options with Occidental Petroleum for sequestering the CO2 in Occidentals California oilfields, and technical studies are on-going to determine which of Occidental's nearby oil fields would most benefit from CO2 flooding.

The estimated cost of the plant is $1 billion. The companies plan to finish detailed engineering and commercial studies this year and to complete project investment decisions in 2008, with operations commencing in 2011.

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