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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

Bangor Hydro Plans New Transmission Line from Canada

LCG, Aug. 14, 2001-- Bangor Hydro-Electric Co. said it has asked authorization from the Maine Public Utilities Commission to build a new 345 kilovolt transmission line between Maine and New Brunswick, Canada.

Bangor Hydro would build an 84-mile portion of the line from a substation at Orrington, Maine., to the St. Croix River at Baileyville, the company said. New Brunswick Power Corp., which is owned by the province of New Brunswick, would add a 60-mile section connecting a substation at Pt. Lepreau with the Bangor-Hydro line at the St. Croix River. Pt. Lepreau is a nuclear power plant belonging to the Canadian province.

Carroll Lee, senior vice president and chief operating officer of Bangor Hydro, said "The proposed 345 kV transmission line is intended to lower electricity prices and increase reliability, which are fundamental concerns of Bangor Hydro's customers."

The new transmission facilities would also be able to move power from new generation facilities spawned by completion of the Maritimes & Northeast natural gas pipeline.

"Since the beginning of restructuring, costs for our residential customers have increased by 18 percent. Additional transmission capacity between Maine and the Maritimes will increase competition among generators for sales by expanding the ability of Canadian firms to transmit energy," Lee said.

Lee said he expected to receive permits necessary to allow construction of the new wires to begin this winter.

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