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XGS Energy and Meta Announce Agreement on Advanced Geothermal Project in New Mexico

LCG, June 13, 2025--XGS Energy, Inc. (XGS) and Meta Platforms, Inc (Meta) yesterday announced an agreement to support the development of a next-generation, geothermal energy project that will provide clean power to Meta’s data centers in New Mexico.

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AES Announces Construction Complete on 1,000-MW, Solar-Plus-Storage Project in California

LCG, June 11, 2025--The AES Corporation (AES) announced today that it has completed construction of the 1,000 MW Bellefield 1 project, which is under a 15-year contract with Amazon. Bellefield is a two-phase project, with each phase including 500 MW of solar plus 500 MW of a four-hour, battery energy storage system (BESS). When Phase II is completed in 2026, the total installed capacity will be 2,000 MW, and AES expects the total project will be the largest solar-plus-storage facility in the United States.

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Industry News

Californians on Power: 'What, Me Worry?'

LCG, Dec. 26, 2000The California Independent System Operator declared electric power emergencies all week last week, as it has been doing seemingly without interruption since May, but Californian's haven't seemed to get the message.

Northern California's big investor-owned utility, Pacific Gas & Electric Co. has been forced to dig itself into a financial hole approaching $5 billion by paying market prices for electricity that it then sells to its retail customers at rates frozen at a level 10 percent below 1997 rates. Californians seem not to care how much power costs, as long as someone else pays for it.

The San Francisco Chronicle last week provided its readers with a photograph that illuminates the problem. Taken by Chronicle photographer Frederic Larson from Treasure Island, the photo shows the city's downtown ablaze with millions of lights.

Ten 100-watt light bulbs add up to a kilowatt. Ten thousand add up to a megawatt, and so on. That splash of light on the pier at lower right looks like a few megawatts, and a pier doesn't need to be lit up like that.

Larson's photograph was intended to convey the spirit of the holiday season, but you get the picture.

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