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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

Afghanis Get Power Assistance from Turkmenistan

LCG, March 18, 2002-Several energy projects were approved earlier this month with the intent of restructuring Afghanistan's power infrastructure.

In Asgabat, Turkmenistans president Saparmyat Turkembasy and Afghan head administrator Hamed Karzai met and signed documents to collaborate on energy-related development. Turkmenistan is apparently ready and willing to assist Afghanistan in improving its energy supply.

Afghanistan already buys electricity from neighboring Turkmenistan to power northern Afghanistan, but transmitted power is not sufficient for Afghanistan's planned reconstruction.

Turkmenistan will assist the expansion and modernization of power distribution in Afghanistan, including building a $1.5 million 50 MW line from southern Turkmenistan into Afghanistan to Mazar-e Sharif. Several other projects were agreed upon to build lines to Kabul and Kandahar. Total expenses were projected to be about $500 million.

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