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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

Italy Approves Montedison Takeover by EdF, Fiat

LCG, July 18, 2001Italenergia, the joint vehicle through which Electricit de France and Fiat are making their hostile bid for Italian utility Montedison, won approval yesterday from Italy's stock market regulator Consob after agreeing to raise their offer to at least the minimum required by takeover rules.

Consob found that Italenergia had acquire shares of Montedison at market prices higher than their hostile offer. Under Italian takeover rules, the minimum bid must be the average of the last 12 months' weighted trading average and the highest price paid in the market.

Because the European Union could derail the deal if it suspends, even temporarily, Italenergia's voting rights on the 52 percent of Montedison it already owns, Consob also insisted that the EdF-Fiat vehicle include a warning in its prospectus that Brussels could examine EdF's role in the bid.

For EdF, the takeover would be is means of entry into the Italian energy market. The EU has expressed displeasure with France and the French utility for foot-dragging on opening their own market while taking advantage of the openness of the markets in other EU countries.

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