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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

US Signs Energy Research Agreement with European Union

LCG, March 6, 2003Today EU and US officials agreed to have scientists join efforts in hydrogen and nuclear power research.

Spencer Abraham, the U.S. Secretary of Energy, signed a pact with the European Union in the office of EU Research Commissioner Philippe Busquin.

According to the agreement, researchers studying nuclear fission, nuclear fusion, hydrogen power, and carbon dioxide removal will be able to work together in order to quicken technology development.

While the document says nothing about how much money the EU or U.S. will put toward joint projects, the signing marked a new direction for the Bush administration, which pulled the U.S. out of the Kyoto Protocol in 2001 to broad internatinoal dismay.

Meanwhile the Bush administration has earmarked at least $1.5 billion in funding for hydrogen fuel cell research. Fuel cells are complicated systems in which petroleum or other hydrocarbons undergo a series of reactions, yielding water, carbon dioxide, and energy. Hydrogen, which is too reactive to survive long in elemental form in nature, can also be separated from carbon compounds and stored as gas. When elemental hydrogen reacts with oxygen, it yields energy and water vapor.

The EU and U.S. have both noted interest in turning to a hydrogen-based economy, a somewhat misleading proposition in that, according to the current direction of research, hydrogen will be derived from natural gas, coal or oil. In any case, the signing comes as part of a growing international effort to change the face of power production.

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