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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

PPL Montana Announces Decision to Mothball Corette Coal Plant

LCG, September 20, 2012--PPL Montana, a subsidiary of PPL Corp., announced yesterday its decision to place the J.E. Corette power plant in Billings, Montana into long-term reserve status beginning in April 2015, when the Environmental Protection Agency's Mercury and Air Toxics Standards (MATS) regulations go into effect.

The PPL Montana vice president and chief operating officer stated, "Our detailed analysis has shown that to meet the emission reductions required by EPA's Mercury and Air Toxics Standards, we would need to invest $38 million in the Corette plant. We simply cannot justify that level of spending in the current wholesale power market in the Northwest."

Power market economics also influenced the decision. According to the press release, wholesale power prices have been depressed in the Northwest because of declining electricity use and an abundance of new wind energy projects subsidized by federal production tax credits.

By placing the 154-MW coal plant into long-term reserve status (i.e., mothballing the plant), PPL Montana will retain the option to return the plant to service, given the right conditions. The plant commenced commercial operations in 1968 and consumes low-sulfur coal from the Powder River Basin.
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