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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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DOE Announces Site Selection for Energy Infrastructure and AI Data Centers on Federal Lands

LCG, July 24, 2025--The U.S. Department of Energy (DOE) today announced the next steps in the Trump administration’s plan to accelerate the development of AI infrastructure by using Federal lands to lower energy costs and help power the global AI race, as previously outlined in President Trump’s Executive Orders on Accelerating Federal Permitting of Data Center Infrastructure, Deploying Advanced Nuclear Reactor Technologies for National Security, and Unleashing American Energy.

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Industry News

Enron to Push Fuel Cell Energy Products

LCG, Oct. 3, 2000Fuel Cell Energy Inc. said yesterday it has reached an agreement with Enron North America for the two companies to work together to develop and market Fuel Cell's products. The fuel cell maker said the focus would be on "state renewable and energy conservation programs," perhaps indicating an expectation of public funding.

That would not be a first for Fuel Cell. Ten years ago, the company secured a $200 million grant from the U.S. Department of Energy for research and development. The Enron connection, as well as a similar alliance with PPL Inc. announced September 21, would be to get the fuel cells sold, installed and running.

Susan Odiseos, director of corporate communications, said "We've got this great concept, we've got $200 million from the Department of Energy, but we're still not selling them." That's where Enron and PPL enter the picture, with their commercial experience.

"Our business plans calls for alliances," Odiseos said. "We've got the know-how, now we need the distribution."

Jerry Leitman, Fuel Cell's chief executive, confirmed the pursuit of state funding. "Targeting state-sponsored renewable programs and energy conservation opportunities will accelerate the commercialization of our Direct Fuel Cell products in these 'early adopter' markets," he said in a news release.

As part of the Enron arrangement, Enron has invested $5 million in the common stock of Fuel CellEnergy. Fuel Cell Energy said it will issue warrants enabling Enron to purchase up to 1.3 million shares of Fuel Cell Energy common stock once Enron peddles 55 megawatts worth of fuel cells.

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