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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

Rapids Power Cancels 225 MW Project

LCG, August 6, 2002-Rapids Power LLC will no longer follow through with plans to construct a combined heat-and-power facility.

The project, a joint endeavor with Minnesota Power and Blandin Paper Company, would have brought generating capacity to the Grand Rapids, Minnesota area, in addition to supplying a Blandin paper mill with steam.

Apparently hard times in the paper and energy industries have yielded the cancellation as the most economically feasible choice.

Several power projects nationwide have also been terminated or postponed recently because of unsavory market factors.

Minnesota Power supplies 144,000 customers. Blandin Paper is a subsidiary of UPM-Kymmene Corporation.

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