New Era Helium and Sharon AI Announce Letter of Intent to Acquire 200-Acre Site for 250MW Net-Zero AI/HPC Data Center in the Permian Basin
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 (NASDAQ: NEHC) e Sharon AI hanno annunciato che la loro joint venture, Texas Critical Data Centers (TCDC), ha firmato una Lettera di Intenti per acquisire un terreno di 200 acri nella Contea di Ector, Texas. Il sito sarà sviluppato in un centro dati AI/HPC a energia netta zero di 250MW.
La LOI è stata firmata con GROW Odessa, con la due diligence e i documenti finali previsti entro 90 giorni. Il sito offre accesso strategico a cavi in fibra ottica, linee di trasmissione di gas naturale e infrastrutture per pipeline di CO₂. La fase iniziale del progetto è programmata per essere lanciata alla fine del 2026, con un contratto di fornitura di gas naturale che dovrebbe essere finalizzato con New Era Helium nel secondo trimestre del 2025.
Il progetto utilizzerà la cattura e utilizzo del carbonio (CCUS) attraverso il recupero avanzato di petrolio, sfruttando l'infrastruttura esistente di CO2 nella Contea di Ector. I prossimi traguardi includono l'approvazione del sito, la selezione della tecnologia di generazione di energia e cattura del CO2, la nomina dei partner tecnologici e discussioni con potenziali partner di offerta, inclusi gli hyperscalers.
New Era Helium (NASDAQ: NEHC) y Sharon AI han anunciado que su empresa conjunta, Texas Critical Data Centers (TCDC), ha firmado una Carta de Intención para adquirir un terreno de 200 acres en el Condado de Ector, Texas. El sitio se desarrollará en un centro de datos AI/HPC de energía neta cero de 250MW.
La LOI fue firmada con GROW Odessa, y se espera que la debida diligencia y los documentos finales estén listos en un plazo de 90 días. El sitio cuenta con acceso estratégico a cables de fibra óptica, líneas de transmisión de gas natural e infraestructura de tuberías de CO₂. La fase inicial del proyecto está programada para lanzarse a finales de 2026, con un contrato de suministro de gas natural que se espera finalizar con New Era Helium en el segundo trimestre de 2025.
El proyecto utilizará la Captura, Utilización y Almacenamiento de Carbono (CCUS) a través de la recuperación mejorada de petróleo, aprovechando la infraestructura existente de CO2 en el Condado de Ector. Los próximos hitos incluyen la aprobación del sitio, la selección de la tecnología de generación de energía y captura de CO2, la designación de socios tecnológicos y discusiones con posibles socios de compra, incluidos los hyperscalers.
New Era Helium (NASDAQ: NEHC)와 Sharon AI는 그들의 합작 투자인 Texas Critical Data Centers (TCDC)가 텍사스 에크터 카운티에 위치한 200에이커 부지를 인수하기 위한 의향서(LOI)를 체결했다고 발표했습니다. 이 부지는 250MW 넷 제로 에너지 AI/HPC 데이터 센터로 개발될 예정입니다.
LOI는 GROW 오데사와 체결되었으며, 실사 및 최종 문서는 90일 이내에 완료될 것으로 예상됩니다. 이 부지는 광섬유 케이블, 천연가스 전송 라인 및 CO₂ 파이프라인 인프라에 대한 전략적 접근을 제공합니다. 프로젝트의 초기 단계는 2026년 말에 시작될 예정이며, 천연가스 공급 계약은 2025년 2분기까지 New Era Helium과 최종화될 것으로 예상됩니다.
이 프로젝트는 에크터 카운티의 기존 CO2 인프라를 활용하여 향상된 석유 회수를 통해 탄소 포집 및 활용 저장(CCUS)을 사용할 것입니다. 향후 주요 이정표에는 부지 승인, 전력 생산 및 CO2 포집 기술 선택, 기술 파트너 선정, 그리고 하이퍼스케일러를 포함한 잠재적 오프테이크 파트너와의 논의가 포함됩니다.
New Era Helium (NASDAQ: NEHC) et Sharon AI ont annoncé que leur coentreprise, Texas Critical Data Centers (TCDC), a signé une Lettre d'Intention pour acquérir un terrain de 200 acres dans le Comté d'Ector, Texas. Le site sera développé en un centre de données AI/HPC à énergie nette zéro de 250MW.
La LOI a été signée avec GROW Odessa, avec une diligence raisonnable et des documents finaux attendus dans un délai de 90 jours. Le site dispose d'un accès stratégique aux câbles à fibre optique, aux lignes de transport de gaz naturel et à l'infrastructure des pipelines de CO₂. La phase initiale du projet est prévue pour fin 2026, avec un contrat d'approvisionnement en gaz naturel qui devrait être finalisé avec New Era Helium au deuxième trimestre 2025.
Le projet utilisera la Captation, Utilisation et Stockage du Carbone (CCUS) via une récupération améliorée du pétrole, tirant parti de l'infrastructure CO2 existante dans le Comté d'Ector. Les prochaines étapes incluent l'approbation du site, la sélection de la technologie de production d'énergie et de capture du CO2, la nomination de partenaires technologiques et des discussions avec des partenaires potentiels, y compris des hyperscalers.
New Era Helium (NASDAQ: NEHC) und Sharon AI haben angekündigt, dass ihr Joint Venture, Texas Critical Data Centers (TCDC), ein 200 Acres großes Grundstück im Ector County, Texas, durch eine Absichtserklärung (LOI) erwerben wird. Das Grundstück wird in ein 250MW netto null Emissionen AI/HPC-Rechenzentrum umgewandelt.
Die LOI wurde mit GROW Odessa unterzeichnet, wobei eine Due-Diligence-Prüfung und die endgültigen Dokumente innerhalb von 90 Tagen erwartet werden. Das Grundstück bietet strategischen Zugang zu Glasfaserkabeln, Erdgastransmissionsleitungen und CO₂-Pipeline-Infrastruktur. Die erste Phase des Projekts soll Ende 2026 gestartet werden, wobei ein Erdgasversorgungsvertrag voraussichtlich im 2. Quartal 2025 mit New Era Helium finalisiert wird.
Das Projekt wird die Kohlenstoffabscheidung, -nutzung und -speicherung (CCUS) durch verbesserte Erdölförderung nutzen und dabei die bestehende CO2-Infrastruktur im Ector County nutzen. Zu den bevorstehenden Meilensteinen gehören die Genehmigung des Standorts, die Auswahl der Technologie zur Stromerzeugung und CO2-Abscheidung, die Ernennung von Technologiepartnern und Gespräche mit potenziellen Abnehmerpartnern, einschließlich Hyperscalern.
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The LOI was signed with GROW Odessa, an economic development corporation formed in 1966 to assist businesses with expansion and to attract new compatible industry to
The acquisition of the large-scale, 200-acre site is contingent on completion of due diligence and negotiation of definitive documents expected within the next ninety days. This site is one of several identified by the joint venture and is located near key infrastructure, including fiber optic cable, two natural gas transmission lines, and CO₂ pipeline infrastructure. The intended utilization of CCUS and energy transition technologies makes it an attractive location for developing scalable, energy-efficient AI/HPC infrastructure.
Work has commenced on plans for the data center, natural gas-fired power plant and fiber connectivity, with the expectation of bringing the initial phase of the project online in late 2026. TCDC also expects to finalize a natural gas supply contract with New Era Helium in Q2 2025, providing low-cost energy and price stability for the project.
The next project milestones are expected to include updates on certain entitlements for the site, selection of power generation and CO2 capture technology, appointment of technology partners, as well as ongoing conversations with potential offtake partners, which may include hyperscalers and other large energy users.
E. Will Gray II, CEO of New Era Helium, Inc. commented: “With the initial site now identified, TCDC is poised to execute on its planned power strategy for the behind the meter data center campus. New Era Helium is pleased to be working with GROW Odessa and will work towards the necessary due diligence in order to close on the planned site in a timely manner. While working on the closing of the site in
Wolf Schubert, CEO of Sharon AI, Inc. commented: “We are very excited to be developing large scale data center infrastructure in the
Russell Tippin, President of GROW Odessa, commented: “We are thrilled to be working with Sharon AI and New Era Helium on this new project intended to develop a large-scale, net-zero energy data center in
About New Era Helium, Inc.
New Era Helium, Inc. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in
About Sharon AI, Inc.
Sharon AI, Inc., is a High-Performance Computing company focused on Artificial Intelligence, Cloud GPU Compute Infrastructure & Data Storage. Sharon AI has a hybrid operational model that sees it deploy in Tier IV co-location data centers as well as design, build and operate its own proprietary specialized data center facilities.
With the expected addition of NVIDIA H200’s to the company’s GPU fleet in 2025, Sharon AI will be able to offer a wide range of AI/HPC GPUs as a Service (GPUaaS), including NVIDIA H200, H100, L40S, A40, RTX3090 and AMD MI300X.
For GPU-as-a-Service sales enquiries, please click here.
For more information, visit: www.sharonai.com
Cautionary Note Regarding Forward-Looking Statements
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will the Company and its affiliates be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
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Source: New Era Helium, Inc.
FAQ
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