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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

Tri-State and First Solar Announce 30-MW Solar Project in New Mexico

LCG, March 25, 2009--Tri-State Generation and Transmission Association (Tri-State) announced yesterday that it executed an agreement with First Solar, Inc. to develop a 30-MW solar photovoltaic (PV) electric generating facility in northeastern New Mexico. Tri-State contracted to purchase the power generated from the facility over a 25-year term.

Construction of the Cimarron I Solar Project is scheduled to begin by April 2010, with the initial phase delivering power by August and full operations achieved by year-end.

The Cimarron I Solar Project will be built on a 250-acre site in Colfax County. The project will include approximately 500,000 PV modules, with each module measuring 2 feet by 4 feet. The PV modules will employ First Solar's patented, thin film semiconductor technology.

First Solar will act as the engineering, procurement and construction (EPC) contractor and expects to monitor and maintain the facility over time. First Solar also expects that it will transfer all or substantially all of its equity interest in the project once construction is complete.

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