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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

Mirant Cancels South Korean Plant

LCG, July 24, 2002-U.S. company Mirant Corp. has changed plans to construct a 520 MW plant in South Korea and has plans to pull out of South Korea completely.

Previously, Mirant had announced that it would invest $300 million in South Korea once the country had begun privatizing its electricity industry, a move slated to begin later this year.

Now the company intends to sells its right to build a plant and later withdraw entirely from the South Korean market.

Financial concerns have added to the decision, and Mirant is concentrating on limiting debt and therefore has plans to sell $1.6 billion in assets.

Mirant's Singapore office will close, and the company's Asia-Pacific staff has been cut by about 35 percent.

Earlier this year South Korea decided to proceed with privatizing its electricity industry despite significant public protest and striking.

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