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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

PNM Begins Building 225 Megawatt Power Plant

LCG, Nov. 16, 2001--Public Service Co. of New Mexico broke ground yesterday on a new power plant in southern New Mexico near the chile pepper capital of Las Cruces.

The 225 megawatt natural gas-fueled plant will be built in two phases, with 135 megawatts produced in simple cycle scheduled to be in commercial operation by the end of October, next year. The plant will then be expanded to its full combined-cycle output by the fall of 2003.

"Building a new generating station reinforces our commitment to expand our wholesale business focus," said PNM Executive Vice President Bill Real. "It is also part of our promise to invest in New Mexico in order to improve the reliability of the regional power supply."

PNM said the new plant would sell its power into the Western wholesale market. The company noted that it had recently signed a contract with Texas-New Mexico Power Co. to provide electricity for that company's customers in southern New Mexico. Afton will supply some of that power.

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