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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

Finnish Nuke Moving Ahead

LCG, March 20, 2002-While the rest of Europe seems to be abandoning nuclear energy, Finland approved its fifth nuclear plant.

The parliament has yet to sanction the new plant, but the Finnish government voted 10 to 6 to build it. The public is split roughly in half, with 48 percent approving and 45 percent opposing the plant.

Finland has been under pressure to expand its energy production since 72 percent of its energy is imported.

According to Finland's Minister for Trade and Industry Sinikka Monkare, building a nuclear plant would be the most cost-effective solution and would help the country comply with the Kyoto protocol by limiting emissions.

The Finnish company TVO bid for the nuclear plant, and if the parliament approves, then TVO will have 5 years to file an application for construction.

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