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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

Argentina Lawmakers Halt Electric Dereg

LCG, Sept. 13, 2001--The Argentine Chamber of Deputies has approved legislation which overrides a presidential decree deregulating the electricity market, AFX News reported yesterday.

Opposition to deregulation was based on fear that it would result in higher prices for electricity, the news service said. Other critics of deregulation said it favored power trading companies at the expense of other market participants.

Under the presidential deregulation decree, the Argentine electric sector was to be opened to competition this month, but opposition had already caused that deadline to be moved back to next February.

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