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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

EdF Eyes UK's Seeboard

LCG, Nov. 20, 2001--Electricit de France, fresh from its successful acquisition of a British electric distribution company and a large English power plant from TXU Europe, is said to be interested in purchasing Seeboard, the south-east of England regional electricity company.

EdF already owns London Electricity and the retail business of Sweb, England's southwestern regional electric company. Yesterday the French state-run monopoly announced the purchase of Eastern Energy, Britain's largest electric distribution company, from TXU.

American Electric Power Co. of the U.S. is expected to put Seeboard on the market next year, and Bruno Lescoeur, chief executive of London Electricity, says EdF is interested. "We would definitely be interested in Seeboard if it becomes available," he said.

EdF is Europe's largest electric company and is getting bigger. The acquisition of Seeboard, with London Electricity, Sweb and Eastern Energy already in hand, it would control most of the English power market south of the industrial midlands.

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