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News
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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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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
Connecticut Seeks 2,000 MW of Offshore Wind Capacity
LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.
"This RFP represents the future of the state's environmental, energy, and economic potential," said the Governor of Connecticut. "I commend DEEP and the Commission on Environmental Standards for working so thoroughly to find the right balance in this RFP to preserve our ocean ecosystem while encouraging the development of a local renewable energy industry."
Offshore wind projects are now targeted from Maryland to Maine as a key source of renewable energy to satisfy the high renewable energy requirements recently increased by many of the coastal states. Furthermore, many of the states of set specific requirements for offshore wind capacity, with New York setting the highest requirement of 9,000 MW by 2035. The requirement for Connecticut is 2,000 MW by 2030.
In June, legislation to allow the use of the Investment Tax Credit (ITC) for offshore wind projects (Incentivizing Offshore Wind Power Act) was introduced in Congress with the goal of supporting these relatively high-cost, offshore wind projects.
Responses to DEEP's RFP are due September 30th.
In June 2018, DEEP issued an RFP for clean energy resources that included offshore wind, and Connecticut purchased 304 MW of offshore wind from the Revolution Wind project (now owned by Ørsted and Eversource).
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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