XGS Energy and Meta Platforms Inc. announced Thursday plans to build a geothermal power plant in northwestern New Mexico, aiming to jumpstart the state’s geothermal industry as tech companies seek

Meta signed an agreement with XGS Energy to help develop 150 megawatts of advanced geothermal electricity in New Mexico to power the Facebook parent company's artificial intelligence expansion, the companies said on Thursday.

Meta has entered into an agreement with XGS Energy to develop "next-generation geothermal energy" projects in New Mexico. The plan is for these projects to connect directly into the electrical grid that Meta's data centers draw from,