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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

McCoy Solar Energy Project Receives Local Approval

LCG, March 19, 2014 - NextEra Energy continues to make progress with the proposed McCoy Solar Energy Project in Southern California. Last week the Riverside County supervisors issued a conditional use permit for a 50-MW photovoltaic (PV) solar array on 477 acres of privately owned land.

The project site is located in Riverside County, approximately 13 miles northwest of Blythe, California, near the Nevada border. The majority of the proposed project will be developed on public land administered by the Bureau of Land Management (BLM), using over 4,000 acres of BLM land for the expanded, 750-MW solar energy generating facility.

Southern California Edison (SCE) has a power purchase and sale agreement (PPSA) with McCoy Solar, LLC, whose parent company is NextEra Energy Resources, for the output from the initial 250-MW installation, which is anticipated to commence operations later this year.

Last October, it was announced that First Solar will provide Engineering, Procurement and Construction (EPC) services, using First Solar's cadmium telluride (CdTe) PV thin-film modules to build the 250 MW of solar generating capacity.
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