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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

Duke Energy Proposes to Build 1,400-MW Natural Gas-Fired Power Plant in South Carolina

LCG, June 9, 2025--Duke Energy announced today its intent to submit an application to the Public Service Commission of South Carolina (PSCSC) for approval to build a new natural gas combined-cycle generating facility with hydrogen capability in Anderson County, South Carolina. The company plans to submit the construction application to the PSCSC later this year. If approved, it expects construction would commence in summer 2027, with operations beginning by early 2031.

Duke Energy states that the project is consistent with its near-term actions approved in its Carolinas Resource Plan in 2024. The project design includes an electric generating capacity of 1,400 MW. The proposed facility is part of Duke Energy's comprehensive, “all of the above” approach that includes exploring new generation methods such as dispatchable, hydrogen-capable natural gas resources. The company expects the project should benefit from the recently announced partnership between Duke Energy and GE Vernova to provide natural gas turbines and other associated equipment – manufactured in Greenville, South Carolina – to meet the growing needs of advanced manufacturing, data centers and population growth in the area.

According to Duke Energy, the project is currently in the early stages of planning, engaging and permitting. The nearly 200-acre site would utilize nearby existing transmission infrastructure, and the innovative facility design would significantly reduce the need for large amounts of water, creating less burden on Anderson County's infrastructure.

The President of Duke Energy South Carolina said, "We are at a critical point in planning for South Carolina's reliable, affordable and resilient energy future. By enacting the S.C. Energy Security Act, Governor McMaster and the Legislature have provided a comprehensive path forward for energy policy that will guide our state's continued success for many years to come. Committing to building this modern energy facility in Anderson County is a critical piece of that strong energy future for the region."

The Governor stated, "South Carolina's continued prosperity depends on reliable, forward-looking energy projects like this one. We are grateful to have a committed partner like Duke Energy taking the necessary steps to meet our state's rising energy demand and ensure we are well-equipped to power our bright future."
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