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Sharon AI and New Era Helium (NEHC) have announced a Letter of Intent to acquire a 200-acre site in Ector County, Texas, for developing a 250MW Net-Zero Energy AI/HPC Data Center. The joint venture signed a non-binding LOI with GROW Odessa, targeting site acquisition within 90 days.
The project features strategic advantages including proximity to fiber optic cables, natural gas transmission lines, and CO₂ pipeline infrastructure. The initial phase is expected to launch in late 2026, with a natural gas supply contract with New Era Helium planned for Q2 2025.
Key upcoming milestones include site entitlements, selection of power generation and CO2 capture technology, appointment of technology partners, and discussions with potential offtake partners. The project aims to leverage Carbon Capture Utilization Storage (CCUS) via enhanced oil recovery, capitalizing on Ector County's existing CO2 infrastructure.
New Era Helium (NASDAQ: NEHC) and Sharon AI have announced their joint venture, Texas Critical Data Centers (TCDC), has signed a Letter of Intent to acquire a 200-acre site in Ector County, Texas. The site will be developed into a 250MW net-zero energy AI/HPC data center.
The LOI was signed with GROW Odessa, with due diligence and final documents expected within 90 days. The site features strategic access to fiber optic cables, natural gas transmission lines, and CO₂ pipeline infrastructure. The project's initial phase is scheduled to launch in late 2026, with a natural gas supply contract expected to be finalized with New Era Helium in Q2 2025.
The project will utilize Carbon Capture Utilization Storage (CCUS) via enhanced oil recovery, leveraging Ector County's existing CO2 infrastructure. Upcoming milestones include site entitlements, selection of power generation and CO2 capture technology, appointment of technology partners, and discussions with potential offtake partners including hyperscalers.
New Era Helium (NEHC) and Sharon AI have finalized their 50/50 joint venture, forming Texas Critical Data Centers (TCDC) to develop a 250MW net-zero energy data center in the Permian Basin. Following their December 2024 binding LOI, New Era Helium is negotiating a long-term gas supply agreement expected to be finalized within 30 days, offering fixed pricing for five years with three additional five-year options.
The project aims to leverage clean energy for AI/HPC operations, with multiple potential sites identified near existing gas transmission lines and fiber optic infrastructure. TCDC is exploring 45Q Tax Credits for Carbon Capture Utilization and Storage (CCUS), making it a pioneering net-zero facility. The final site selection announcement is expected in Q1 2025, with upcoming milestones including site entitlements, power generation and CO2 capture technology selection, and discussions with potential offtake partners.
New Era Helium (NASDAQ:NEHC) has been selected to ring the Nasdaq opening bell on January 2, 2025, marking the first trading day of 2025. The company, which focuses on helium exploration and production in the Permian Basin, recently completed its business combination with Roth CH Acquisition V Co. and listed on Nasdaq in December 2024, becoming one of the first helium-focused companies on a major U.S. exchange.
The company has also announced a 50/50 joint venture with Sharon AI to develop a 250MW net-zero energy data center in the Permian Basin, positioning itself in AI and cloud computing sectors while creating revenue opportunities from energy sales and infrastructure projects.
New Era Helium (NASDAQ:NEHC), a helium exploration and production company operating in the Permian Basin, has announced its participation in The Microcap Conference 2025. The event will be held from January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, New Jersey.
During the conference, the company's management team will deliver a corporate presentation and conduct one-on-one meetings with institutional and individual investors. These sessions will focus on discussing the company's recent developments, growth strategy, and investment opportunities, particularly regarding their helium production associated with natural gas reserves.
New Era Helium (NASDAQ:NEHC) and Sharon AI have expanded their joint venture plans to develop a 250MW net-zero energy data center in the Permian Basin, up from the initially proposed 90MW facility. The companies have signed a binding Letter of Intent (LOI), with key developments including:
The project will feature a gas-fired power plant with CO2 carbon capture capabilities. New Era Helium will be the exclusive energy infrastructure provider, while Sharon AI will handle the data center's design, operation, and AI/HPC services. The companies expect to finalize their agreement by December 23, 2024.
The deal includes a fixed-cost gas supply agreement for five years with three five-year extension options. Sharon AI will collaborate with NVIDIA and Lenovo on the data center architecture, focusing on AI/HPC training and inference workloads. The facility has potential for future expansion based on demand from hyperscalers and large energy users.
New Era Helium Inc. (NASDAQ: NEHC) has recently listed on NASDAQ following its business combination with Roth CH V Holdings. The company controls over 137,000 acres in Southeast New Mexico with 1.5 billion cubic feet of proved and probable helium reserves. The global helium market is projected to reach $27.06 billion by 2030, growing at a CAGR of 8.3% from $15.48 billion in 2023.
NEH has announced a non-binding joint venture with Sharon AI to build a 90MW net-zero Tier 3 data center in the Permian Basin, expected to offset 250,000 metric tons of CO2 annually. The helium industry is seeing increased activity, with Reliance Industries recently acquiring a 21% stake in Wavetech Helium for $12 million.
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