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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

Bush Administration Suggests Federal Sites for Nuclear Power

LCG, Feb. 19, 2002--As part of a long-term energy policy plan, the Bush administration named three sites under federal ownership as possible locations for new nuclear power plants that it hopes will be built by 2010.

Two companies, Utilities Exelon Corp. and Dominion Resources, are currently looking into numerous potential locations for nuclear power plants. Any nuclear power plant built by the companies would be the first built in the U.S. in over two decades.

The administration named three facilities, including an Energy Department engineering laboratory in Idaho, a nuclear weapons plant in South Carolina, and a uranium re-processing center in Ohio. Energy Secretary Spencer Abraham said in a statement, "each of these sites has the right physical characteristics, experienced workforces and supportive local communities to make a nuclear plant project a success."

An Energy Department recommendation that nuclear waste be shipped from nuclear plants throughout the country to Nevada was given formal backing by President Bush on Friday. According to a report issued by an advisory panel, a new nuclear plant would need to be ordered by a utility in 2003 in order to be operational by 2010.
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