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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

Slovakia to Sell Off 49 PercentOf Russia-West Europe Pipeline

LCG, Aug. 31, 2001--The Republic of Slovakia yesterday offered for sale a 49 percent interest in the country's natural gas monopoly, Slovensky Plynarensky Priemysel, or SPP, in what may be the largest energy sector privatization in Europe this year.

Whoever controls SPP controls the Slovak section of the natural gas pipeline linking Russia and Western Europe, which carries 80 percent of Russian gas to the West. While the Slovak government will retain a 51 percent stake in the business, it is offering operating control to the purchaser of the balance.

Slovak sources said the sale could net the government about $3 billion. SPP earned about $92 million last year on revenues of some $2.5 billion. Gas transportation revenues, about half of the total, have been kept low for political reasons.

Two consortia have already expressed interest in the sale. One is a combination of Ruhrgas of Germany, Gaz de France and Snam of Italy and the other is RWE and Wintershall of Germany. Gazprom of Russia and Eon of Germany are expected to toss their hats into the ring.

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