Meta signs geothermal power deal for New Mexico data centers
Brad Rehnstrom2025-06-17T14:28:00+00:00
The tech and social media giant entered an agreement with XGS Energy to help develop 150 MW of geothermal power generation.

The tech and social media giant entered an agreement with XGS Energy to help develop 150 MW of geothermal power generation.
Iron and steel and electrical inputs led increases in construction inputs in May while natural gas saw a steep price fall economy-wide.

The Hensel Phelps-led project, which has almost doubled in price since its inception, is slated to open in 2028.

The builder has hired former Turner Construction executive Suzanne Bennett to lead its new subsidiary focused on equipment sourcing.

Spikes in iron, steel, copper and aluminum prices in May largely offset declines in energy, according to the latest Producer Price Index data.