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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

Uncertainty Delays California Plant

LCG, March 19, 2002-Midway Sunset Cogeneration Company has suspended its plan to expand its Midway-Sunset plant near McKittrick in Central California.

The new construction would have yielded 500 MW, but the company was hesitant to start the large Kern county project, citing uncertainty in California's wholesale electricity market.

The county has four plant projects that have not been delayed, but Assembly member Roy Ashbum (R ) said that only two of the five planned plants in the region will become viable sources of power in the near future.

One of the plants, a ChevronTexaco project, is operating already, produces 320 MW, and after a second phase of development will be fully on-line by July 2003.

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