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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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Arevon Celebrates Commencement of Operations at the 300-MW Nighthawk Energy Storage Project in California

LCG, August 12, 2026--Arevon Energy, Inc., an energy developer, owner, and operator, today announced that its 300 MW/1,200 MWh Nighthawk Energy Storage Project in Poway, California, is now operational. Arevon celebrated the project's completion with an on-site ribbon-cutting ceremony attended by project partners, local officials, and others who helped bring the project online. Nighthawk, the largest standalone storage facility in the company's portfolio, should enhance system reliability and is among the San Diego region's most significant energy storage facilities.

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Industry News

Brazilian State-Owned Plants Will Auction Electricity

LCG, Jan. 31, 2002--Trading in five state-owned power companies was suspended for an hour yesterday as the government announced that state-owned plants would sell power through public auctions.

The changes were announced by Minister Pedro Parente, who is in charge of the electricity crisis task force, and need to be approved by Congress in March in order to take effect.

Currently, Electrobras, Cesp, Copel, Cemig and EMAE produce 90 percent of Brazil's electric power, and do so at low, regulated rates. Private investment in new, gas-fired generation capacity has been slow due to rationing of electricity, and the government's indication earlier this month that public power would play a more significant role in providing electricity.

That policy was brought about by a drought that has severely decreased the output at hydropower plants. When trading resumed after the announcements yesterday, share prices in the state-owned and private power companies rose. Electricity rates paid by consumers are expected to rise, and would be funded in part by increased dividends from public power companies.
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