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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

NRC Accepts Nuclear Design Application from AREVA for Review

LCG, February 27, 2008--The Nuclear Regulatory Commission (NRC) yesterday accepted for review an application from AREVA to certify its U.S. Evolutionary Power Reactor (EPR) design. The EPR is a Generation III+ design based upon AREVA's 1,600-MW, European EPR that is now being deployed in Europe.

Areva filed its application to certify the design on December 11, 2007. The NRC will conduct a technical review and will issue a Safety Evaluation Report after all technical and safety questions are addressed. The NRC may then certify the design with an agency rulemaking. The NRC?s Office of New Reactors expects the review work will continue at least into 2011.

Earlier this month, UniStar Nuclear Energy, a joint venture between Constellation Energy and the EDF Group, announced that it had engaged an AREVA-Bechtel Power consortium to start developing the detailed design engineering for UniStar's proposed fleet of advanced nuclear power plants in the United States that would use AREVA's U.S. EPR design.

UniStar's targeted sites, include Constellation Energy's existing Calvert Cliffs Nuclear Power Plant in Lusby, Maryland. In July 2007 Unistar filed the environmental report portion of a combined construction and operating license (COL) application with the NRC to build the reactor, and Unistar plans to submit the remainder of the application in early 2008.

In December 2007, PPL Corporation announced that it contracted with Unistar to prepare a COL application with one of its subsidiaries to submit to the NRC for approval to build and operate a nuclear reactor using AREVA's U.S. EPR design at a site near the Susquehanna nuclear power plant in Pennsylvania. The application will be submitted by the end of 2008.
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