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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

Xcel Energy Requests Approval for 600-MW Wind Project in Colorad

LCG, May 18, 2016--Xcel Energy filed an application with the Colorado Public Utilities Commission (CPUC) for approval of a $1 billion investment in the Rush Creek Wind Project,located in eastern Colorado. The 600-MW project, which includes installing a 90-mile, 345 kV electric transmission line, is now under development by Invenergy Wind Development North America. Xcel is requesting (i) approval to purchase the project, (ii) a Certificate of Public Convenience and Necessity (CPCN) for the wind farm and associated transmission facilities, and (iii) approval to seek cost recovery.

The Rush Creek Wind Project would be the largest wind farm in Colorado. Invenergy would act as engineering, procurement, and construction (EPC) contractor, and Vestas Wind Systems would manufacture the project's 300, 2-MW turbines at its facilities in Colorado. The project is scheduled to commence operations by November 2018.

Xcel Energy Colorado's President stated, "With the full $23/MWh PTC, wind produces energy at below the cost of a combined cycle turbine with the forward gas curve we see. That is in-the-money. Whether it is a power purchase agreement or a utility-owned wind project, it will have a much more stable and predictable cost of energy than fuels like natural gas that have been more volatile in price."
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