New Era Helium and Sharon AI Finalize Newly Created Joint Venture, Texas Critical Data Centers LLC, To Build 250MW Net-Zero Energy Data Center in the Permian Basin
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 (NEHC) e Sharon AI hanno completato la loro joint venture al 50/50, formando Texas Critical Data Centers (TCDC) per sviluppare un data center a energia netta zero da 250 MW nel Permian Basin. Dopo la loro lettera di intenti vincolante di dicembre 2024, New Era Helium sta negoziando un accordo di fornitura di gas a lungo termine che dovrebbe essere finalizzato entro 30 giorni, offrendo prezzi fissi per cinque anni con tre opzioni aggiuntive di cinque anni.
Il progetto mira a sfruttare l'energia pulita per le operazioni di intelligenza artificiale e calcolo ad alte prestazioni, con più potenziali siti identificati vicino a linee di trasmissione del gas esistenti e infrastrutture in fibra ottica. TCDC sta esplorando i Crediti Fiscali 45Q per la Utilizzazione e Stoccaggio della Cattura di Carbonio (CCUS), rendendolo una struttura pionieristica a emissioni zero. L'annuncio della selezione finale del sito è previsto nel primo trimestre del 2025, con traguardi imminenti che includono diritti sul sito, generazione di energia e selezione della tecnologia di cattura del CO2, e discussioni con potenziali partner di offerta.
New Era Helium (NEHC) y Sharon AI han finalizado su empresa conjunta 50/50, formando Texas Critical Data Centers (TCDC) para desarrollar un centro de datos de energía neta cero de 250 MW en la Cuenca Pérmica. Tras su carta de intención vinculante de diciembre de 2024, New Era Helium está negociando un acuerdo de suministro de gas a largo plazo que se espera que se finalice en 30 días, ofreciendo precios fijos durante cinco años con tres opciones adicionales de cinco años.
El proyecto busca aprovechar la energía limpia para operaciones de IA/HPC, con múltiples sitios potenciales identificados cerca de las líneas de transmisión de gas existentes e infraestructura de fibra óptica. TCDC está explorando los Créditos Fiscales 45Q para la Utilización y Almacenamiento de Captura de Carbono (CCUS), convirtiéndolo en una instalación pionera de cero emisiones. Se espera que el anuncio de la selección final del sitio sea en el primer trimestre de 2025, con hitos próximos que incluyen derechos del sitio, generación de energía y selección de tecnología de captura de CO2, y discusiones con posibles socios de compra.
New Era Helium (NEHC)와 Sharon AI는 50/50 합작 투자로 Texas Critical Data Centers (TCDC)를 설립하여 250MW 넷 제로 에너지 데이터 센터를 퍼미안 분지에 개발할 것입니다. 2024년 12월에 체결된 구속력 있는 LOI 이후, New Era Helium은 30일 이내에 최종화될 것으로 예상되는 장기 가스 공급 계약을 협상 중이며, 이는 5년 동안 고정 가격을 제공하며 추가로 3개의 5년 옵션을 포함합니다.
이 프로젝트는 AI/HPC 운영을 위해 청정 에너지를 활용하는 것을 목표로 하며, 기존의 가스 전송선과 광섬유 인프라 근처에 여러 잠재적 부지가 확인되었습니다. TCDC는 탄소 포집 활용 및 저장(CCUS) 을 위한 45Q 세액 공제를 탐색하고 있으며, 이는 주요 넷 제로 시설이 될 것입니다. 최종 부지 선정 발표는 2025년 1분기로 예정되어 있으며, 향후 이정표에는 부지 권리 설정, 전력 생산 및 CO2 포집 기술 선정, 그리고 잠재적 구매 파트너와의 논의가 포함됩니다.
New Era Helium (NEHC) et Sharon AI ont finalisé leur coentreprise à 50/50, formant Texas Critical Data Centers (TCDC) pour développer un centre de données à énergie nette zéro de 250 MW dans le bassin permien. Suite à leur lettre d'intention contraignante de décembre 2024, New Era Helium négocie un contrat d'approvisionnement en gaz à long terme qui devrait être finalisé dans les 30 jours, offrant des prix fixes pendant cinq ans avec trois options supplémentaires de cinq ans.
Le projet vise à tirer parti de l'énergie propre pour les opérations IA/HPC, avec plusieurs sites potentiels identifiés près des lignes de transmission de gaz existantes et des infrastructures en fibre optique. TCDC explore les crédits d'impôt 45Q pour la capture, l'utilisation et le stockage du carbone (CCUS), ce qui en fait une installation pionnière à zéro émission. L'annonce de la sélection finale du site est attendue au premier trimestre 2025, avec des jalons à venir qui incluent l'acquisition des droits sur le site, la production d'énergie et la sélection de la technologie de capture de CO2, ainsi que des discussions avec de potentiels partenaires de sortie.
New Era Helium (NEHC) und Sharon AI haben ihr 50/50 Joint Venture abgeschlossen und die Texas Critical Data Centers (TCDC) gegründet, um ein 250-MW-Netto-Nullenergie-Datenzentrum im Permian Basin zu entwickeln. Nach ihrer verbindlichen Letter of Intent (LOI) im Dezember 2024 verhandelt New Era Helium über einen langfristigen Gasliefervertrag, der voraussichtlich innerhalb von 30 Tagen abgeschlossen wird und Festpreise für fünf Jahre mit drei zusätzlichen Optionen von fünf Jahren bietet.
Das Projekt zielt darauf ab, saubere Energie für KI/HPC-Betrieb zu nutzen, wobei mehrere potenzielle Standorte in der Nähe bestehender Gasübertragungsleitungen und Glasfaserinfrastruktur identifiziert wurden. TCDC untersucht 45Q-Steuergutschriften für die Kohlenstoffabscheidung, Nutzung und Speicherung (CCUS) und macht es zu einer wegweisenden Netto-Null-Anlage. Die endgültige Standortauswahl wird im ersten Quartal 2025 erwartet, wobei bevorstehende Meilensteine die Genehmigung des Standorts, die Energieerzeugung und die Auswahl der CO2-Abscheidungstechnologie sowie Gespräche mit potenziellen Abnehmerpartnern umfassen.
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A Groundbreaking Partnership for Clean Energy and AI/HPC
In December 2024, the two companies executed a binding letter of intent (LOI) to develop and operate a 250MW net-zero energy data center in the Permian Basin [read here]. This milestone agreement marks a significant leap in leveraging clean energy for AI/HPC-driven industries.
New Era Helium is currently negotiating with Texas Critical Data Centers LLC a long term offtake gas supply agreement which is expected to be finalized within the next 30 days. The details of the gas supply agreement will provide New Era Helium a fixed price for its natural gas over a five-year period plus three options of an additional five years each, for a total of 20 years. This ensures the large-scale data center project will benefit from low-cost, net-zero energy as well as long-term energy price stability, which makes the project strategically well positioned to address the rising energy demands of AI/HPC workloads.
Texas Critical Data Centers LLC currently has multiple sites identified within the Permian Basin that will allow it to access New Era Helium’s natural gas via various existing gas transmission lines while siting the data center in close proximity to existing fibre optic cable and associated infrastructure. It is also working to identify the most efficient manner to access certain 45Q Tax Credits associated with Carbon Capture Utilization and Storage “CCUS”. The ability to capture the anthroprogenic CO2 and dispose of it will help make this data center a true first of its kind.
The next major goal for this collaboration will be the announcement of the final site selection of the 250MW net-zero energy data center. Both New Era Helium and Sharon AI expect this to be announced in Q1 2025. Further announcements pertaining to other certain critical aspects of the joint venture will also be released as they become available.
These next milestones will include certain entitlements for the site, selection of power generation and CO2 capture technology, as well as ongoing conversations with offtake partners, which may include hyperscalers and other large energy users.
E. Will Gray II, CEO of New Era Helium, Inc. commented: “The creation of Texas Critical Data Centers, LLC reflects our goal of building innovative energy infrastructure to support the growing needs of the AI/HPC-driven digital world. By combining our expertise in helium and clean energy with Sharon AI’s cutting-edge computing technologies, we’re setting a new standard for sustainability and innovation.”
Wolf Schubert, CEO of Sharon AI Inc. added: “We are excited to be rapidly progressing our Texas Critical Data Centers LLC joint venture with New Era Helium given the high demand in the US for large-scale, low-cost, net-zero energy data centers, which are essential for powering AI/HPC workloads.”
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 III & 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. There is no guarantee that New Era Helium and Texas Critical Data Centers LLC will actually enter into the long term offtake gas supply agreement mentioned in this press release and materialize the benefits therefrom.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250121845732/en/
New Era Helium, Inc.
Investor and Media Contact:
Investor Relations
Jonathan.Paterson@harbor-access.com
Tel +1 475 477 9401
Sharon AI, Inc
Media Contact:
info@sharonai.com
Source: New Era Helium, Inc.
FAQ
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