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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

Facebook Sets New Goal of 100% Renewable Energy by 2020

LCG, August 30, 2018--Facebook announced Tuesday its goals to supply its global electricity needs for operations with 100 percent renewable energy and to reduce its greenhouse gas emissions by 75 percent by the end of 2020.

Facebook's new goal supersedes the prior goal of powering 25 percent of its operations with renewable energy in 2015 and 50 percent by 2018, which it achieved last year.

Facebook now has over 3 GW of solar and wind contracts, with more than 2.5 GW of contract capacity added over the last 12 months.
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