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TVA Announces Two Energy Storage Agreements Totaling 425 MW/1,700 MWh

LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.

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Suniva Announces New Facility to Dramatically Increase Solar Cell Manufacturing Capacity in America

LCG, April 15, 2026--Suniva announced yesterday that it has entered agreements to bring a state-of-the-art 4.5 GW solar cell manufacturing facility to Laurens, South Carolina. The new facility, combined with Suniva’s existing facility at its headquarters in metro Atlanta, will bring the company’s total annual domestic solar cell manufacturing capacity to over 5.5 GW.

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Industry News

Reliant to Spin Off Unregulated Businesses

LCG, Oct. 18, 2000--Reliant Energy Inc. said yesterday that its wholly owned subsidiary Reliant Resources Inc. has filed a registration statement with the Securities and Exchange Commission for the initial public offering of Reliant Resources common stock.

In the filing, Reliant said it expects to realize up to $1.3 billion in the public offering. The net proceeds will be used for general corporate purposes including the development of generating facilities, acquisitions and the repayment or refinancing of indebtedness, the company said.

Reliant Resources is the vehicle for the parent company's unregulated businesses, which include power plants and energy trading, marketing and risk management operations.

In notes along with the filing, Reliant Resources said "We intend to become a provider of retail electric services in Texas when the market opens to retail competition in Jan. 2002 and in other U.S. markets with favorable regulatory structures and profit opportunities thereafter."

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