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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

California Governor Schwarzenegger Approves Global Warming Legislation

LCG, September 28, 2006--California Governor Arnold Schwarzenegger yesterday approved Assembly Bill 32, or the "Global Warming Solutions Act of 2006." The legislation includes a statewide cap on greenhouse gas (GHG) emissions from electric utilities, refineries, and other selected industries. The goal is to reduce GHG emissions 25% by 2020 in order to alleviate concerns of global warming that may be caused by such emissions.

The legislation is scheduled to be implemented in 2012. The California Air Resources Board will be responsible for developing the regulations, including an as-yet-to-be defined trading system, plus a mandatory reporting system to track emissions from the many sources.

The bill would allow for the governor to defer the cap deadline for one year in the event of extraordinary circumstances.

Related legislation awaiting the Governor's action is Senate Bill
1368, which is designed to prevent California utilities from executing long-term power purchase agreements for electricity from facilities that do not meet California's GHG standards.
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