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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

Senators Seek Waste Disposal Budget Cuts

LCG, March 20, 2002-Senator Harry Reid said he may limit the nuclear waste disposal budget, which includes the Yucca Mountain project.

In a hearing on Friday Senator Reid and Senator Pete Domenici said to expect Congress to cut the nuclear waste disposal budget.

Attempts to slow the budget may prevent the government from moving on the Yucca Mountain project, which was already approved by President Bush. According to the Las Vegas Review, those involved with the project say they have had to delay applying for a license with the Nuclear Regulatory Commission until 2004.

In 2001 Senator Reid created an energy bill decreasing the nuclear waste disposal budget by 38 percent or about $170 million. His proposed decrease in spending was not passed and $375 million was allotted, still less than the $445 million requested and the eighth consecutive annual decrease in the nuclear disposal budget.

The Yucca Mountain repository is slated to open in 2010.

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