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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

Bankruptcy Court Apprvoes PG&E Transmission Upgrades

LCG, Feb. 12, 2002--Requests made by Pacific Gas and Electric last month for approval of two major transmission projects have been answered in the affirmative by the U.S. Bankruptcy Court.

Due to PG&E's bankrupt status, spending items of over $50 million must be reviewed by the court. The Path 15 upgrade's financing is being overseen by public and private entities, many of which will co-own the lines. PG&E has been allowed to spend up to $75 million for the upgrades, which will join lines connected to the Los Banos and Gates substations.

The other item approved, the Tri-Valley Capacity Upgrade project, will lead to improvements of the California transmission system east of San Francisco. The system is nearing capacity, and serves Dublin, Livermore, Pleasanton and San Ramon, among other communities. These municipalities have granted their own approvals, as has the Official Creditors' Committee. The project will receive as much as $136.9 milion.

The Path 15 upgrade in particular was seen last year as a means of preventing future supply crises in California due to transmission bottlenecks.
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