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News
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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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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
Fiat May Buy Italy's Montedison
LCG, July 2, 2001Italian automaker Fiat, in concert with Electricit de France, was expected to make a five billion-euros ($4.24 billion U.S.) bid for conglomerate Montedison, which controls Italy's largest privately owned utility, Edison.Montedison announced yesterday that it would sell off 1.14 billion euros ($1.35 billion) of assets, setting off a scramble in the Italian investment community.Fiat's board called a special meeting, following which it issued a short statement supporting plans to create value from its "own activities in the energy sector by transferring them to a designatedcompany that could acquire a significant stake in Montedison." No mention was made of possible participation by EdF, which already owns a fifth of Montedison.Italian investment bank Mediobanca then took action to protect its agriculture and energy asset from takeover. Montedison announced that the 1.14 billion-euro asset sale had been made and consisted of selling 29 percent of its La Fondiaria insurance company to Italian insurer SAI and 35 percent of holding company Dieci Investmenti to investor Vincent Bollore of France.Both SAI and Bollore are considered close to Mediobanca and between them they already have a 6 percent interest in Montedison.Fiat and EdF may go whole hog for Montedison. The companies were reported to have organized a 20-billion-euro credit line, which would enable it to purchase Montedison's voting shares three times over.Fiat originally was an acronym for Fabbrica Italiana Automobilii Torino (though in the U.S. it is widely supposed that the acronym means "Fix it again, Tony"). The company produces its own power for its auto plants and sells surplus power in the Italian market.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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