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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

FERC Would Allow California More Imports from Mexico

LCG, Mar. 28, 2002--The Federal Energy Regulatory Commission has stated that costs associated with investment in transmission lines between San Diego and Mexico would be allowed by the agency.

The FERC Chairman, Pat Wood, believes that the savings made possible by increased imports could reach $26 million for customers in San Diego, and $174 million per year for all of California. Initial upgrades, which are projected to allow 1,360 megawatts of generation imports to California, would bring savings of $3 million to San Diego and $10 million to the state, according to the FERC.

San Diego Gas and Electric Co., a subsidiary of Sempra, would be allowed to include the costs of line upgrades to the Miguel-Mission and Imperial Valley lines in rates. The final capacity of the lines could be 3,810 megawatts.

The FERC is now awaiting a filing by the California Independent System Operator (ISO) in May that will contain restructuring plans by the grid operator. The FERC felt that market design was responsible in part for the severity of California's power crisis in 2001. The importance of restructuring details is made more immediate by the approaching end of wholesale price caps imposed by FERC. The caps are set to expire on September 30.
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