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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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SRP Announces New Pediment Battery Energy Storage System Online in Arizona

LCG, June 17, 2026--Salt River Project (SRP) and Aypa Power, a Blackstone portfolio company, yesterday announced that Pediment Battery Energy Storage System (BESS), a 250-MW / 1,000-MWh project, is now online and serving customers. Pediment, located in the Elliot Road Technology Corridor in Mesa, Arizona, brings new storage capacity to the rapidly growing Phoenix metropolitan area.

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Industry News

EU Commission Would Increase Nuclear Insurance Premia

LCG, July 11, 2003--Nuclear operators would be required to increase their insurance coverage for nuclear accidents or environmental damage under rules introduced by the European Union Commission.

The changes were put forth to bring the EU into compliance with treaties concerning civilian use of nuclear technology, namely the Paris Convention on Third Party Liability and the follow-up Brussels Convention, both of which were first drafted in the 1960's, but which were updated in response to the 1986 Chernobyl nuclear accident, in which a large radioactive release occurred in the Ukraine.

EU countries would have the ability to change their liability laws, in the direction of requiring larger payments by nuclear operators to compensate victims, and to pay for environmental harm. The Paris Convention sets the limit for such compensation payments. Under the newly released plan, governments would also be required to pay more for insurance covering the effects of a nuclear incident.

The European nuclear industry, as far as the trade group FORATOM was concerned, is behind the changes, as the new rules do not surpass the treaty provisions. The treaties were updated by the Nuclear Energy Agency, of the Organization for Economic Co-operation and Development.
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