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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

OTC Energy Derivatives Bill Introduced

LCG, July 12, 2002--Republicans and Democrats in the U.S. Senate have joined forces to introduce an over-the-counter energy derivatives trading bill.

Republicans Peter Fitzgerald, IL, and Richard Lugar, IN, and Democrats Dianne Feinstein, CA, Maria Cantwell, WA, and Tom Harkin, IA, introduced the bill yesterday in an effort to bring transparency to OTC energy derivatives trading.

Under this legislation, electronic exchanges would have to submit to reporting, disclosure, registration, and capital requirements. Previously online energy trading was not subject to regulatory oversight, according to the Commodity Futures Modernization Act of 2000.

Earlier this year Senator Feinstein had introduced a similar bill to increase transparency and provide oversight to OTC trades, but the bill was defeated. The new bill may see a better reception in the Senate, considering current federal trading investigations.

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