New Era Helium and Sharon AI Expand and Accelerate Plans for a Net-Zero Energy Data Center in the Permian Basin
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 (NASDAQ:NEHC) e Sharon AI hanno ampliato i loro piani di joint venture per sviluppare un centro dati a energia netta zero da 250MW nel Bacino del Permiano, rispetto alla struttura inizialmente proposta da 90MW. Le aziende hanno firmato una Lettera di Intenti (LOI) vincolante, con sviluppi chiave che includono:
Il progetto avrà in dotazione una centrale elettrica a gas con capacità di cattura del carbonio CO2. New Era Helium sarà il fornitore esclusivo di infrastrutture energetiche, mentre Sharon AI si occuperà della progettazione, dell'operazione e dei servizi AI/HPC del centro dati. Le aziende prevedono di finalizzare il loro accordo entro il 23 dicembre 2024.
L'accordo include un contratto di fornitura di gas a costo fisso per cinque anni con tre opzioni di estensione di cinque anni. Sharon AI collaborerà con NVIDIA e Lenovo sull'architettura del centro dati, concentrandosi su carichi di lavoro di addestramento e inferenza AI/HPC. La struttura ha potenziale per future espansioni in base alla domanda proveniente da iperscalers e grandi utilizzatori di energia.
New Era Helium (NASDAQ:NEHC) y Sharon AI han ampliado sus planes de joint venture para desarrollar un centro de datos de energía neta cero de 250MW en la Cuenca Pérmica, en comparación con la instalación de 90MW inicialmente propuesta. Las empresas han firmado una Carta de Intención (LOI) vinculante, con desarrollos clave que incluyen:
El proyecto contará con una planta de energía a gas con capacidades de captura de carbono CO2. New Era Helium será el proveedor exclusivo de infraestructura energética, mientras que Sharon AI se encargará del diseño, operación y servicios de AI/HPC del centro de datos. Las empresas esperan finalizar su acuerdo para el 23 de diciembre de 2024.
El acuerdo incluye un contrato de suministro de gas a coste fijo por cinco años con tres opciones de extensión de cinco años. Sharon AI colaborará con NVIDIA y Lenovo en la arquitectura del centro de datos, enfocándose en cargas de trabajo de entrenamiento e inferencia de AI/HPC. La instalación tiene potencial para futuras expansiones según la demanda de hiperescaladores y grandes usuarios de energía.
뉴 에라 헬륨 (NASDAQ:NEHC)과 샤론 AI가 퍼미안 분지에 250MW의 넷 제로 에너지 데이터 센터를 개발하기 위한 조인트 벤처 계획을 확장했습니다. 이는 처음 제안된 90MW 시설에서의 증가입니다. 두 회사는 핵심 개발 사항을 포함한 구속력 있는 의향서(LOI)에 서명했습니다:
이 프로젝트는 CO2 탄소 포집 기능을 갖춘 가스 발전소를 특징으로 합니다. 뉴 에라 헬륨은 독점 에너지 인프라 제공업체가 되며, 샤론 AI는 데이터 센터의 설계, 운영 및 AI/HPC 서비스를 담당합니다. 두 회사는 2024년 12월 23일까지 계약을 마무리할 것으로 예상하고 있습니다.
이 거래에는 5년간 고정 비용의 가스 공급 계약과 3개의 5년 연장 옵션이 포함됩니다. 샤론 AI는 데이터 센터 아키텍처에 대해 NVIDIA 및 Lenovo와 협력하여 AI/HPC 훈련 및 추론 작업에 초점을 맞춥니다. 이 시설은 하이퍼스케일러 및 대규모 에너지 사용자의 수요에 따라 향후 확장의 잠재력이 있습니다.
New Era Helium (NASDAQ:NEHC) et Sharon AI ont élargi leurs projets de coentreprise pour développer un centre de données à énergie nette zéro de 250MW dans le bassin permien, contre la structure initialement proposée de 90MW. Les entreprises ont signé une Lettre d'intention (LOI) contraignante, avec des développements clés incluant :
Le projet comprendra une centrale électrique alimentée au gaz avec des capacités de capture de carbone CO2. New Era Helium sera le fournisseur exclusif d'infrastructures énergétiques, tandis que Sharon AI s'occupera de la conception, de l'exploitation et des services AI/HPC du centre de données. Les entreprises s'attendent à finaliser leur accord d'ici le 23 décembre 2024.
L'accord comprend un contrat de fourniture de gaz à prix fixe pour cinq ans avec trois options de prolongation de cinq ans. Sharon AI travaillera avec NVIDIA et Lenovo sur l'architecture du centre de données, en se concentrant sur les charges de travail d'entraînement et d'inférence AI/HPC. L'installation a un potentiel d'expansion future en fonction de la demande des hyperscalers et des grands utilisateurs d'énergie.
New Era Helium (NASDAQ:NEHC) und Sharon AI haben ihre Pläne für ein gemeinsames Unternehmen erweitert, um ein 250-MW-Netto-Null-Energie-Datenzentrum im Permian-Bassin zu entwickeln, gegenüber der ursprünglich vorgeschlagenen 90-MW-Anlage. Die Unternehmen haben ein verbindliches Absichtsschreiben (LOI) unterzeichnet, wobei wichtige Entwicklungen Folgendes einschließen:
Das Projekt wird ein mit Gas betriebenes Kraftwerk mit CO2-Kohlenstoffabscheidungsfähigkeiten umfassen. New Era Helium wird der exklusive Anbieter von Energieinfrastruktur sein, während Sharon AI für das Design, den Betrieb und die AI/HPC-Dienste des Datenzentrums verantwortlich ist. Die Unternehmen erwarten, ihre Vereinbarung bis zum 23. Dezember 2024 abzuschließen.
Die Vereinbarung umfasst einen Festpreis-Gaslieferungsvertrag für fünf Jahre mit drei Verlängerungsoptionen von jeweils fünf Jahren. Sharon AI wird mit NVIDIA und Lenovo bei der Architektur des Datenzentrums zusammenarbeiten und sich auf AI/HPC-Trainings- und Inferenzarbeiten konzentrieren. Die Einrichtung hat Potenzial für zukünftige Erweiterungen je nach Nachfrage von Hyperscalers und großen Energieverbrauchern.
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The two companies have executed a binding letter of intent (LOI) to develop and operate a 250MW net-zero energy data center in the Permian Basin, a significant increase from the originally announced 90MW facility [read here]. This expansion reflects heightened demand for power from potential off-takers and highlights the strategic importance of the planned data center in
Key updates include:
- Binding LOI Signed: Sharon AI and New Era Helium have formalized their commitment by signing a binding Letter of Intent (LOI) from a previously announced non-binding LOI.
- Increased Capacity: The proposed data center’s capacity has been significantly expanded to 250MW from 90MW following due diligence and discussions with prospective clients seeking access to additional electricity.
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Location Finalized: After extensive evaluations, the joint venture has narrowed the site selection to a prime location within the prolific Permian Basin in
West Texas . - Definitive Agreement Timeline: The companies anticipate formalizing the joint venture agreement on or before December 23, 2024.
- Gas Supply Agreement: As part of the joint venture agreement, New Era Helium will enter into a gas supply agreement at a mutually agreed fixed cost for five years plus three options of five years each.
Sharon AI will continue to be the exclusive AI/HPC provider and to design, build and operate the high density, liquid cooled, Tier III data center at the project site. Sharon AI also expects to work with its ecosystem relationships, including NVIDIA and Lenovo, on the data center, GPU, network architecture and design, which is expected to deliver optimal performance for AI/HPC training and inference workloads.
New Era Helium will be the exclusive provider and build partner of the energy infrastructure required to power the project, including gas-fired power plant design and construction, CO2 carbon capture and associated pipeline works.
The initial 250MW gas-fired power plant has the potential to significantly expand over time, with the JV partners working to identify project expansion opportunities, including with offtake partners, which may include hyperscalers and other large energy users.
E. Will Gray II, CEO of New Era Helium, Inc. commented: “This JV partnership with Sharon AI highlights our commitment to innovative energy solutions and represents a significant step forward, building on the momentum of our successful trading debut on Nasdaq this past Monday. Our public listing reflects New Era Helium’s ability to support today’s high-growth, in-demand industries with environmentally responsible energy solutions. Together with Sharon AI, we believe we are well-positioned to deliver cutting-edge energy infrastructure that meets the evolving demands of the AI-driven digital age.”
Wolf Schubert, CEO of Sharon AI Inc. commented: “We are excited that initial planning and scoping is now complete, marking a crucial step in our JV project with New Era Helium. We look forward to advancing into the engineering phase and engaging in further offtake discussions, which will bring us closer to delivering this groundbreaking net-zero energy data center in the Permian Basin.”
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, GPU Compute Infrastructure, and Cloud Data Storage. Sharon AI has a hybrid operational model that sees it deploy in Tier III and Tier IV co-location data centers as well as design, build and operate its own proprietary Tier III data center facilities. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241211636328/en/
Investor and Media:
Investor Relations
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Tel +1 475 477 9401
Media: info@sharonai.com
Source: New Era Helium, Inc.
FAQ
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