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DOE Announces Site Selection for Energy Infrastructure and AI Data Centers on Federal Lands

LCG, July 24, 2025--The U.S. Department of Energy (DOE) today announced the next steps in the Trump administration’s plan to accelerate the development of AI infrastructure by using Federal lands to lower energy costs and help power the global AI race, as previously outlined in President Trump’s Executive Orders on Accelerating Federal Permitting of Data Center Infrastructure, Deploying Advanced Nuclear Reactor Technologies for National Security, and Unleashing American Energy.

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Enbridge Announces 600-MW Solar Project in Texas to Power Meta Data Center Operations

LCG, July 22, 2025--Enbridge Inc. (Enbridge) today announced that it has reached a final investment decision on the Clear Fork solar project located near San Antonio, Texas. Meta Platforms, Inc. (Meta), has signed a long-term contract for all of the renewable power generated from the 600-MW project.

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Industry News

Greenspan Says Oil and Gas Prices to Affect Businesses

LCG, Apr. 28, 2004--The increases in the prices of oil and natural gas experienced in the U.S. over the last several years will likely not be reversed soon, the chairman of the Federal Reserve, Alan Greenspan, has said.

The chairman also indicated that he thought that industries with significant energy intensity, including petrochemical and fertilizer producers, might shift production to areas of the world with lower gas costs, in order to remain competitive. Greenspan also pointed out that during the last sustained rise in oil prices, in the '70's, consumers purchased more fuel-efficient vehicles, although he did not forecast the same reaction would occur again.

As he has previously, Greenspan called for expansion of infrastructure to allow imports of liquefied natural gas from countries besides Canada, which is already exporting as much as possible while still being able to supply its own needs.

The Fed chairman remarked on delivery contracts for six years in the future, which he said are at $27, whereas such contracts went for $16 to $18 in 1999. Natural gas prices have risen approximately 180 per cent above the 1999 price of $2.50 per million British thermal units.
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