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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

Xcel Energy Requests Approval for 600-MW Wind Project in Colorad

LCG, May 18, 2016--Xcel Energy filed an application with the Colorado Public Utilities Commission (CPUC) for approval of a $1 billion investment in the Rush Creek Wind Project,located in eastern Colorado. The 600-MW project, which includes installing a 90-mile, 345 kV electric transmission line, is now under development by Invenergy Wind Development North America. Xcel is requesting (i) approval to purchase the project, (ii) a Certificate of Public Convenience and Necessity (CPCN) for the wind farm and associated transmission facilities, and (iii) approval to seek cost recovery.

The Rush Creek Wind Project would be the largest wind farm in Colorado. Invenergy would act as engineering, procurement, and construction (EPC) contractor, and Vestas Wind Systems would manufacture the project's 300, 2-MW turbines at its facilities in Colorado. The project is scheduled to commence operations by November 2018.

Xcel Energy Colorado's President stated, "With the full $23/MWh PTC, wind produces energy at below the cost of a combined cycle turbine with the forward gas curve we see. That is in-the-money. Whether it is a power purchase agreement or a utility-owned wind project, it will have a much more stable and predictable cost of energy than fuels like natural gas that have been more volatile in price."
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