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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

German Courts Uphold Injunction Against E.On Takeover

LCG, December 17, 2002-German judiciaries continue to block E.On's takeover of Ruhrgas.

E.On, Europe's second largest utility, tried to purchase the German gas company Ruhrgas earlier this year, but various other energy companies complained that the takeover is unlawful and would limit competition.

The Dusseldorf state court ruled this August that the sale had procedural flaws. Today, despite the German Economics Ministry revision of the deal, the court ruled to uphold the injunction blocking the takeover. A final ruling is due in February regarding whether or not the sale will be allowed to continue.

E.On has said it will continue to pursue the takeover with all resources available, noting that the acquisition would secure German gas supply.

Competitors to E.On believe the conditions of the sale are too permissive, and they worry that foreign competition will be forced out of Germany.

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