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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

Calypso LNG Proposal Moves Ahead

LCG, November 3, 2006--Calypso LNG, LLC ("Calypso"), Wednesday announced that it has received a notification from the United States Coast Guard stating that Calypso's application for a Deepwater Port License is complete. A statutory review period for approval of the license to build and operate Calypso's proposed offshore liquefied natural gas facility is expected to begin shortly.

The proposed Calypso Deepwater Port is to be built approximately 10 miles offshore from Port Everglades, Florida. The terminal is designed to receive liquefied natural gas (LNG) from LNG tankers. The terminal will be connected to an undersea pipeline that will have the capability to transport approximately 800 MMcf/day of natural gas to pipelines and markets in Florida.

The undersea pipeline will be operated by Calypso U.S. Pipeline, LLC. Both Calypso LNG, LLC and Calypso U.S. Pipeline, LLC are subsidiaries of SUEZ Energy North America (Suez). The terminal and pipeline projects are expected to commence operations in 2010.




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