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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

Deadline Set for Enron to Produce California Documents

LCG, Mar. 29, 2002--Documents that may give California officials insight into possible price gouging by Enron must be submitted to state officials over the next three months, San Francisco Superior Court Judge A. James Robertson II ruled Thursday.

Should Enron fail to comply with the order, it would face contempt charges, the office of California's attorney general, Bill Lockyer, said. Enron spokeswoman Karene Denne said, "we always intended to cooperate, we just did not have the personnel available to go through all of the records."

According to the ruling, Enron's California offices must make subpoenaed documents available within three weeks, while its Houston and Portland offices will have six weeks within which to obtain the documents. Electronic data must be made available by June 26, the final deadline.

The attorney general's office is seeking information relating to possible market manipulation during California's power crisis of last year. Four other firms have had documentation from the period subpoenaed.
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