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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

Utilities, Industrials to Invest $2 Billion in Brazil Power

LCG, Dec. 3, 2001--Electricit de France and Tractebel of Belgium, as well as aluminum producers Alcoa and Billiton Metals, said on Friday during the auction of 11 hydroelectric plants, that they would invest about $2 billion in Brazil's power sector.

The companies would add 2,700 megawatts of installed capacity to Brazilian generation resources over the next six years, they said. New power plants would be built in 10 states between 2003 and 2007.

The plan would do little to alleviate the current power shortage in Brazil, but was seen as a vote of confidence in the Brazilian economy. Jose Maria Abdo, head of Brazil's regulatory agency Agencia Nacional de Energia Eletrica (Aneel), said "This is a reflection of investors' confidence in spite of the period of economic instability."

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