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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

Energy Companies Adopt Trading Guidelines

LCG, November 19, 2002A group of U.S. energy companies has decided to adopt measures to regulate themselves in order to regain the faith of lenders, investors and regulators.

Officials from 31 energy companies and utilities have come together to form the Committee of Chief Risk Officers, which is responsible for creating voluntary market rules. The group, taking advice from regulators, security analysts, accountants, and credit rating agencies, endeavors to regain investor confidence by establishing energy market standards. The effort has taken shape quickly, beginning last month with Mirant Corp., Constellation, Duke Energy Corp., Tractabel SA, Dominion Resources Inc. and American Electric Power Co.

These rules address governance, credit risk management, and disclosure. While many companies were tepid at most about increased disclosure, peer pressure has apparently won over many industry players, who have now been convinced that greater transparency is the only way to attract otherwise wary investors. Among the measures to be instituted will be specific reporting on different kinds of transactions, in such a way that activities at distinct companies can be compared directly.

Many companies are interested in distancing themselves from the fraudulent behavior that has since landed many energy companies in court and in the red.

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