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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

Newsmakers

Electric power technology corporation Cummins Inc. declared Susan Carter as Vice President - Corporate Controller on March 18, replace Bob Crane, who served Cummins for 25 years. Carter had been part of Honeywell for six years, most recently as Vice President and Chief Financial Officer, Transportation and Power Systems.

Dixie Barrett has been appointed as vice-president of trading services for Platts. Barrett previously served as vice-president of electronic trading services at Altra Energy Technologies.

Theodore Bennett will take over as corporate vice president of Oklahoma's Kerr-McGee Corporation. Bennet formed a human resources consulting firm last year and has served in executive positions at Comerica and Coca-Cola.

American Electric Power appoints vice president and associate general counsel. Hartsoe has been an attorney with the Federal Energy Regulatory Commission for eight years as well as holding positions at United Gas Pipeline Company, Enron, and Electric Power Supply Association.

Daniel E. Merchant II will become vice president of business development for Primen, a Wisconsin energy firm. Merchant has served as vice president of sales for USPowerSolutions and in various positions at Enercom.

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