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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

Palo Verde Unit 2 Down for Control Repairs

LCG, Oct. 11, 2001--Arizona Public Service Co. yesterday shut down its 1,270 megawatt Palo Verde Unit 2 nuclear power plant for repairs to its control system, characterizing the shutdown as "unscheduled maintenance."

During a scheduled 35-day refueling shutdown of Unit 3 beginning September 29, operators identified degradation of the control systems. Because Unit 3 is an identical twin of Unit 2, the latter unit was shut down as a preventive measure yesterday.

APS said the work could take up to a month to complete.

"Replacement activities in Units 2 and 3 will not impact the schedule for Unit 3's refueling, which is expected to be complete in early November," APS said.

The control assemblies of 1,270 megawatt Unit 1 at Palo Verde were changed during a refueling outage earlier this year, the company said.

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