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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

Nevada May Remove Cap Connected With Renewables

LCG, Mar. 22, 2002--The chairman of the Nevada Public Utilities Commission has proposed revising a rule that has so far capped the cost that utilities and energy retailers can pass to customers in meeting minimum state requirements for renewable generation.

As part of Senate Bill 372, passed last year, satisfying renewable power requirements with wind, photovoltaics, geothermal and biomass was allowed to add no more than 0.05 cents per kilowatt hour in 2003 and 2004.

The decision by the chairman, Don Soderberg, was in response to a group of six assemblymen and six senators, that found that the cap was not intended as part of the law. Public hearings on the proposed rules will take place on May 6, with a vote by the PUC set for May 8. The group of legislators, the Legislative Commission, will then review the PUC ruling.

Nevada electric utilities are required to supply 5 percent of their customers' requirements with renewables in 2003, with annual increases to reach a 15 percent requirement by 2013.
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