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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 PUC Issues Proposed Decision on Energy Storage Systems

LCG, September 5, 2013--California Public Utility Commissioner Carla Peterman issued a proposed decision earlier this week that establishes the policies and mechanisms for procurement of electric energy storage pursuant to Assembly Bill 2514, which was signed by then California Governor Arnold Schwarzenegger nearly three years ago.

The proposed decision establishes a target of 1,325 MW of energy storage to be procured by Pacific Gas and Electric Company (PG&E), Southern California Edison Company (SCE) and San Diego Gas & Electric Company (SDG&E) by 2020 and sets a schedule for solicitation of energy storage. The decision directs these utilities to file separate applications containing a proposal for their first energy storage solicitation by January 1, 2014.

In addition to placing requirements on California's investor owned utilities (IOUs), the decision further directs community choice aggregators to procure energy storage equal to one percent of their annual peak load by 2020 and that electric service providers procure energy storage equal to one percent of their annual peak load by 2016.

The objectives for energy storage development were stated in Assembly Bill 2514 as follows, "Energy storage has the potential to transform how the California electric system is conceived, designed, and operated. In so doing, energy storage has the potential to offer services needed as California seeks to maximize the value of its generation and transmission investments: optimizing the grid to avoid or defer investments in new fossil-power plants, integrating renewable power, and minimizing greenhouse emissions."

The outlook for pumped storage projects is somewhat constrained by the proposed decision. Findings of fact included: (i) that the majority of pumped storage projects are 500 MW or over, (ii) that a single pumped storage project could account for the entire procurement target within a utility territory, and (iii) the sheer size of a large-scale pumped storage project would dwarf other smaller, emerging technologies and could inhibit the fulfillment of market transformation goals.

With respect to conclusions of law, the decision states that it is reasonable to exclude pumped storage projects 50 MW and over from participating in the Energy Storage Procurement Framework and Design Program.
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