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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

New Hydropower Allowed by Quebec Indians

LCG, Feb. 4, 2002--A referendum held among James Bay Cree Indians showed 70 percent approval of hydropower development on the Crees' lands.

The 70 percent approval was returned by nine communities, who will receive payments of $16 million ($10 million US) in 2002, nearly twice that amount next year, and $46.5 million ($29.2 million US) for the 48 following years.

Grand Chief Ted Moses said in an announcement, "this is an historic moment. It is an agreement that vindicates the long Cree campaign since 1975 to have our rights respected." The agreement will be formally signed by Moses and Quebec Premier Bernard Landry on Thursday.

Other parts of the agreement, which will need to be approved by the court, guarantee jobs for the Crees in the hydroelectric operations and more independence in logging and other industrial activity. The Cree have agreed not to pursue environmental lawsuits worth $2.4 billion ($1.5 billion US) against the government.

The deal would permit development along the Eastman and Rupert Rivers, assuming environmental approvals are granted.
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