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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

Northwest Power Picture Brightens

LCG, June 6, 2001The energy crunch affecting the Pacific Northwest is loosening, according to a report in this morning's Seattle Times, and none of the improvement can be laid to increased rainfall.

New supply that is, additional sources of electricity beyond the region's highly developed hydroelectric infrastructure has brightened the picture, with better reliability forecast for summer and lower regional rate increases this coming fall, the paper said.

"Things are looking better than they were," Mark Crisson, director of Tacoma Public Utilities, told the Times. "In fact, I think there is going to be a huge overreaction to the situation in terms of new supply. If we had had anything close to a normal water year, we wouldn't even be having this conversation."

Bonneville Power Administration says it has received transmission applications for between 25,000 and 30,000 megawatts of proposed power plants. Ed Mosey, a spokesman for Bonneville, said "There isn't a site in the Northwest with a source of gas and transmission capacity that isn't being looked at." Most of the plants won't be built, but enough will to ease the crunch in future years, if not this.

The Northwest Power Planning Council announced May 25 that power supplies are expected to be reliable throughout the summer, with no risk of blackouts. That does not mean the Northwest is immune into the fall and winter. If the drought continues, a shortage of power, with blackouts, is possible.

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