News Summary

Meta Platforms, Inc. has announced a partnership with geothermal startup XGS Energy to advance the development of a 150-megawatt geothermal power plant in New Mexico. This collaboration marks Meta’s commitment to sustainable energy solutions, as the geothermal plant aims to support the company’s data center operations in the region. The project, expected to begin operations by 2030, will contribute to the PNM electric grid and aid in powering Meta’s AI expansion. Geothermal technology is gaining traction among tech companies due to its ability to generate continuous, emission-free electricity. XGS Energy employs a closed-loop system to minimize water loss and enhance heat transfer, furthering the potential of geothermal energy as a viable alternative power source.