Core Insights - XGS Energy and Meta Platforms have announced an agreement to develop 150 megawatts of next-generation geothermal energy in New Mexico to support Meta's data center operations in the state [1] Company Summary - XGS Energy is focusing on renewable energy development, specifically geothermal energy, which aligns with the growing demand for sustainable energy sources in the tech industry [1] - Meta Platforms is expanding its infrastructure in New Mexico, indicating a commitment to sustainable energy solutions for its data centers [1] Industry Summary - The agreement highlights the increasing trend of tech companies investing in renewable energy to power their operations, reflecting a broader industry shift towards sustainability [1] - Geothermal energy is gaining traction as a viable alternative energy source, particularly in regions with suitable geological conditions, such as New Mexico [1]