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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

Bulgaria to Promote Energy Resources, Market

LCG, Feb. 21, 2002--The Bulgarian cabinet today agreed that within the next three to four years, Bulgaria should focus on stimulating transparent energy markets within the country, and on lowering its requirements for imports of energy.

In a document released by the Council of Ministers Information and Public Relations Directorate, the outline of a national plan highlighted positive economic results that could come from efficiency, and the possible market structure and legal framework that would encourage engineering efforts using efficient technology.

The strategy also suggested that the government should play a diminished role in controlling energy markets, while true long-term costs would be reflected in prices.

Currently, Bulgaria's energy needs are met by importing 70 percent of energy resources. The ratio of energy consumption to national economic output has increased over the past decade, making Bulgaria less efficient than all other Central and Eastern European countries in terms of energy intensity.
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