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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

FirstEnergy Reports to NRC on Ohio Reactor Safety

LCG, August 16, 2002--FirstEnergy, the owner of the Davis-Besse nuclear plant in Ohio, presented a report to the Nuclear Regulatory Commission yesterday on the management reasons for the reactor's lid becoming corroded.

The report's authors, which included company officials and external consultants, concluded that monetary incentives to management connected with plant output had caused regulatory procedures to be followed less stringently than would otherwise have been the case. A FirstEnergy spokesman, Richard wilkins, said there had been no finding that information had been deliberately witheld from regulators.

The NRC's Office of Investigations is currently working to verify that no violations of the law took place. The report said that boric acid inspections failed to detect a hole in the reactor lid in part because "personnel failed to correctly apply key industry information and plant knowleddge about the potential harmful effects of boric acid." New training programs are being instated.

Outside the scope of the current investigation concerning disclosure of information, NRC officials met with company officials privately to indicate where possible violations of regulations may be found. The current cost to the company, as a new vessel lid is installed and the reactor remains off line, is estimated at $200 million.
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