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Meta teams with XGS Energy to build a 150 MW geothermal power plant

1. Meta partners with XGS Energy for a geothermal power plant in New Mexico. 2. Geothermal energy supports 24/7 low-emission electricity generation for tech companies. 3. Advanced geothermal could meet two-thirds of U.S. data center demand by 2030. 4. XGS Energy uses closed-loop technology, minimizing water loss in geothermal extraction. 5. Similar trends seen with other companies investing in geothermal energy solutions.

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FAQ

Why Bullish?

Meta's investment in renewable energy signals environmental responsibility and future sustainability. Historical partnerships in energy sectors have often positively influenced stock valuations.

How important is it?

Energy cost management is crucial for tech companies; this deal aligns with Meta's strategic green energy goals, potentially boosting investor confidence.

Why Long Term?

Geothermal development can lead to cost savings and regulatory benefits over time. Larger energy projects take years to yield tangible benefits, similar to Meta's past energy endeavors.

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