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Peak Energy Announces First Grid-Scale, Sodium-Ion Battery Energy Storage System in the U.S.

LCG, July 30, 2025--Peak Energy today announced the launch and shipment of its sodium-ion battery energy storage system (BESS) that includes a patent-pending passive cooling design that should significantly reduce lifetime energy costs. Peak Energy's system is to be deployed this summer in a shared pilot project with nine utility and independent power producer (IPP) customers.

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TVA Presents Third Quarter Fiscal Year 2025 Financial Results

LCG, July 29, 2025--The Tennessee Valley Authority (TVA) today reported third quarter fiscal year 2025 financial results, including $9.8 billion in total operating revenues on 121 billion kilowatt-hours of electricity sales for the nine months ending June 30, 2025. TVA reported total operating revenues had increased 11 percent over the same period last year, primarily due to higher rates and sales. TVA presented that sales of electricity increased 3 percent compared to the same period last year, primarily due to higher sales to residential and small customers, as well as increases within the data processing, hosting, and related services sector.

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Industry News

Calpine to Buy Remaining Half of Virginia Cogen

LCG, Aug. 2, 2001Calpine Corp. it had agreed to pay Edison Mission Energy $35 million for the 50 percent equity interest it doesn't already own in a 240-megawatt combined-cycle cogeneration facility located in Gordonsville, Va.

Calpine, which acquired an initial fifty percent equity interest in the facility in 1997, said the transaction is expected to close later this summer, at which time Calpine will assume operations of the plant.

"The Gordonsville facility has a strong track record and will complement our rapidly-growingportfolio in the expansive Southeast power market," said Bob Alff, Calpine senior vice president and head of its Eastern Region.

The Gordonsville plant provides electric power and steam to Virginia Electric & Power Co. and the Rapidan Service Authority under long-term contracts that expire in 2024, the company said.

"We are very pleased with the plant's performance to date, and we believe that we can further enhance its value through our direct ownership and operation of the facility," Alff said.

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