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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

EPA to Propose Tighter Power Plant Emission Rules

LCG, Sept. 7, 2001--The U.S. Environmental Protection Agency will propose lowering limits on three main pollutants from power plants in its plan to expand an emissions trading system for utilities, Bloomberg news service reported yesterday.

Jeffrey Holmstead, assistant EPA administrator for air and radiation, told Bloomberg that the new limits on sulfur dioxide, nitrogen oxide and mercury haven't been settled as the EPA tries to address Department of Energy officials' concerns about the economic impact on electric utilities.

"These levels will be achievable, they will not be economically disruptive, but they will be substantially below the levels that are emitted today," Holmstead said.

EPA Administrator Christie Whitman will submit legislation this month to expand a system begun in 1990 that lets utilities sell or buy credits to release sulfur dioxide, a byproduct of burning coal and other fossil fuels that causes acid rain. The new trading system would include nitrogen oxide and mercury as well as sulphur dioxide, but would not include carbon dioxide, the "greenhouse gas," which the Bush administration has said would be too costly to regulate.

"From the perception of the utilities, I think what this does is give them certainty," Holmstead said of the trading credits legislation. "They know what the regulatory requirements are going to be, rather than have a number of uncoordinated programs come along piecemeal over a number of years."

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