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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

PG&E Unit Buys 16,000 Megawatts of Turbines

LCG, Sept. 12, 2000The National Energy Group unit of PG&E Corp. said yesterday it had signed contracts with manufacturers for 50 turbines representing about 16,000 megawatts of electric generation.

The PG&E unit will buy 23 turbines from GE Power Systems, 21 from Mitsubishi Heavy Industries and six from Siemens Westinghouse. The company said the turbines would be used around the U.S. in new power plant projects. Delivery of the turbines is scheduled through 2004.

"These purchase agreements indicate our dedication to our overall growth strategy," said ThomasG. Boren president and chief executive officer of PG&E National Energy Group. "With a substantialturbine procurement program, our commitments to satisfying regional energy needs and meeting ourdevelopment goals are well underway."

Boren said the company was "greatly diversifying" its presence around the U.S. "As we strengthen our foothold nationally with projects to meet critical market needs, we achieve a three-way win: value for our shareholders, confidence for our customers, and reliability for consumers," he said.

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