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Enhanced Geothermal Systems May Drive Significant Growth in Geothermal Power Generation

LCG, February 19, 2026--The EIA released an "in-brief analysis" today regarding the expected completion of the first, large-scale commercial enhanced geothermal system (EGS) in June 2026, and the significant growth potential for year-round, 24x7, carbon-free, renewable EGS power generation in the United States.

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Hydrostor Announces Offtake Agreement with California Community Power for the Willow Rock Energy Storage Center

LCG, February 12, 2026--Hydrostor today announced that the Willow Rock Energy Storage Center has signed a 50 MW offtake agreement with California Community Power (CC Power) on behalf of six of its community choice aggregator members: CleanPowerSF, Peninsula Clean Energy, Redwood Coast Energy Authority, San Jose Clean Energy, Silicon Valley Clean Energy Authority and Valley Clean Energy Authority.

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Industry News

Teco Joins Panda in Two Huge Merchant Plants

LCG, Nov. 15, 2000--Teco Power Services and Panda Energy International today announced that they have formed a joint venture to build, own and operate two natural gas-fueled, combined-cycle merchant power plants, each of more than 2,200 megawatts capacity.

The new facilities will represent an investment of $2.3 billion, the companies said. A 2,220 megawatt plant planned for El Dorado, Ark., is in an early construction phase. A 2,350 megawatt project at Gila Bend, Ariz., is in an advanced stage of development, with siting, permitting and other agreements in place.

Panda was responsible for initial planning and development of the two projects. Bob Carter, chairman and chief executive of the independent power producer, said "These are highly attractive projects in excellent markets, and we're excited about this joint venture."

Robert Fagan, chairman and chief executive of Tampa-based Teco Energy Inc., parent company of Teco Power Services, said "We are well on our way to transforming our company into one that is predominantly unregulated in a financially disciplined manner."

The El Dorado project is being built to interconnect with an Entergy-Arkansas substation adjacent to the site. The first phase is expected to begin producing power by the summer of 2002 with full commercial operation a year later.

The Gila Bend project will interconnect with Arizona Public Service Co.'s Palo Verde switchyard and begin commercial operation in the late summer of 2002.

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