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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

Sempra Questions CA Challenge of Expensive Contracts

LCG, March 26, 2002-San Diego Gas & Electric's parent company Sempra insists that the state cannot ask the Federal Energy Regulatory Commission to alter or nullify electricity contracts.

$43 billion worth of contracts were signed last year during California's energy crisis, and the state requested that the Federal Energy Regulatory Commission (FERC) do something about the contracts, which are deemed to be $21 billion too expensive by the California Public Utilities Commission. The CPUC says the contracts do not follow federal guidelines calling for reasonable pricing

Sempra says that California cannot legally request to change the contracts and hopes that FERC will deny the substance of California's filings.

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