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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

Shell Energy Exits Ohio, Texas Power Markets

LCG, Sept. 5, 2001--Shell Oil Co. electricity marketing affiliate Shell Energy Services said yesterday that it would back out of the Ohio retail electricity market and the Texas Electric Choice program.

Alan Raymond, president and chief executive of the unit, said, "Volatile energy prices and an uncertain economic environment over the past few months have caused legislators, regulators, generators and marketers to reconsider their deregulation situations and strategies."

Those reconsiderations are what cause Shell Energy to reconsider. The company said it will focus its efforts on its existing natural gas markets in Georgia and Ohio.

Shell Energy said it would try to find another marketer to take over its 30,000 Ohio customers. Texans who selected the company as their new electricity provider may choose another marketer; otherwise they will be returned to their local utility without requiring any action on their part.

"We thank our Ohio and Texas customers who selected Shell Energy as their electricity providerand assure them that Shell Energy will do all it can to make their transition to another providerseamless," Raymond said in a statement, as his company tipped its hat and stepped through the door.

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