Sharon AI And New Era Helium Announce Letter of Intent to Acquire 200-Acre Site Intended For 250MW Net-Zero Energy AI/HPC Data Center in Texas
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.
Sharon AI e New Era Helium (NEHC) hanno annunciato una Lettera di Intenti per acquisire un'area di 200 acri nella Contea di Ector, Texas, per sviluppare un Data Center AI/HPC a Energia Net-Zero da 250MW. La joint venture ha firmato una LOI non vincolante con GROW Odessa, puntando all'acquisizione del sito entro 90 giorni.
Il progetto presenta vantaggi strategici, tra cui la vicinanza a cavi in fibra ottica, linee di trasmissione di gas naturale e infrastrutture per pipeline di CO₂. La fase iniziale è prevista per l'avvio alla fine del 2026, con un contratto di fornitura di gas naturale con New Era Helium pianificato per il secondo trimestre del 2025.
I principali traguardi imminenti includono le autorizzazioni per il sito, la selezione della tecnologia di generazione di energia e cattura del CO2, la nomina di partner tecnologici e discussioni con potenziali partner di off-take. Il progetto mira a sfruttare la Cattura, Utilizzazione e Stoccaggio del Carbonio (CCUS) tramite il recupero avanzato di petrolio, capitalizzando sull'infrastruttura esistente di CO₂ nella Contea di Ector.
Sharon AI y New Era Helium (NEHC) han anunciado una Carta de Intención para adquirir un sitio de 200 acres en el Condado de Ector, Texas, para desarrollar un Centro de Datos AI/HPC de Energía Net-Zero de 250MW. La empresa conjunta firmó una LOI no vinculante con GROW Odessa, con el objetivo de adquirir el sitio en un plazo de 90 días.
El proyecto cuenta con ventajas estratégicas, incluyendo la proximidad a cables de fibra óptica, líneas de transmisión de gas natural y la infraestructura de tuberías de CO₂. Se espera que la fase inicial se lance a finales de 2026, con un contrato de suministro de gas natural con New Era Helium previsto para el segundo trimestre de 2025.
Los hitos clave que se avecinan incluyen las autorizaciones del sitio, la selección de tecnología de generación de energía y captura de CO2, la designación de socios tecnológicos y discusiones con posibles socios de compra. El proyecto tiene como objetivo aprovechar la Captura, Utilización y Almacenamiento de Carbono (CCUS) a través de la recuperación avanzada de petróleo, capitalizando la infraestructura existente de CO₂ en el Condado de Ector.
샤론 AI와 뉴 에라 헬륨 (NEHC)는 텍사스 에크터 카운티에 200에이커의 부지를 인수하기 위한 의향서를 발표했습니다. 이 부지는 250MW 넷 제로 에너지 AI/HPC 데이터 센터 개발을 위한 것입니다. 이 조인트 벤처는 GROW 오데사와 비구속적인 LOI를 체결했으며, 90일 이내에 부지 인수를 목표로 하고 있습니다.
이 프로젝트는 광섬유 케이블, 천연가스 전송 라인 및 CO₂ 파이프라인 인프라와의 근접성을 포함한 전략적 이점을 가지고 있습니다. 초기 단계는 2026년 말에 시작될 것으로 예상되며, 2025년 2분기에 뉴 에라 헬륨과의 천연가스 공급 계약이 계획되어 있습니다.
앞으로의 주요 이정표에는 부지 권한, 전력 생성 및 CO2 포집 기술 선택, 기술 파트너 임명, 잠재적 오프테이크 파트너와의 논의가 포함됩니다. 이 프로젝트는 에크터 카운티에 기존 CO₂ 인프라를 활용하여 탄소 포집 및 활용 저장(CCUS)을 통해 향상된 석유 회수 방법을 활용하는 것을 목표로 하고 있습니다.
Sharon AI et New Era Helium (NEHC) ont annoncé une Lettre d'Intention pour acquérir un site de 200 acres dans le comté d'Ector, au Texas, afin de développer un Centre de Données AI/HPC à Énergie Net-Zero de 250MW. La coentreprise a signé une LOI non contraignante avec GROW Odessa, visant à acquérir le site dans un délai de 90 jours.
Le projet présente des avantages stratégiques, notamment la proximité avec des câbles en fibre optique, des lignes de transmission de gaz naturel et une infrastructure de pipelines de CO₂. La phase initiale devrait être lancée fin 2026, avec un contrat d'approvisionnement en gaz naturel avec New Era Helium prévu pour le deuxième trimestre 2025.
Les principales étapes à venir incluent les autorisations 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 d'achat. Le projet vise à tirer parti de la Captation, Utilisation et Stockage du Carbone (CCUS) par le biais de la récupération avancée de pétrole, en capitalisant sur l'infrastructure existante de CO₂ dans le comté d'Ector.
Sharon AI und New Era Helium (NEHC) haben eine Absichtserklärung zur Übernahme eines 200 Acres großen Grundstücks im Ector County, Texas, zur Entwicklung eines 250MW Net-Zero Energy AI/HPC Rechenzentrums bekannt gegeben. Das Joint Venture hat eine unverbindliche LOI mit GROW Odessa unterzeichnet, mit dem Ziel, das Grundstück innerhalb von 90 Tagen zu erwerben.
Das Projekt bietet strategische Vorteile, darunter die Nähe zu Glasfaserkabeln, Erdgasübertragungsleitungen und CO₂-Pipeline-Infrastruktur. Die erste Phase wird voraussichtlich Ende 2026 starten, mit einem Erdgasliefervertrag mit New Era Helium, der für das zweite Quartal 2025 geplant ist.
Wichtige bevorstehende Meilensteine umfassen die Genehmigungen für das Grundstück, die Auswahl von Technologien zur Energieerzeugung und CO₂-Abscheidung, die Ernennung von Technologiepartnern und Gespräche mit potenziellen Abnehmern. Das Projekt zielt darauf ab, die Kohlenstoffabscheidung, -nutzung und -speicherung (CCUS) durch verbesserte Ölrückgewinnung zu nutzen und dabei auf die bestehende CO₂-Infrastruktur im Ector County zurückzugreifen.
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The non-binding 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 and is expected to occur 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.
Wolf Schubert, CEO of Sharon AI Inc., commented “We are very excited to be developing large scale data center infrastructure in the
Will Gray, 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
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 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
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 Roth CH Acquisition Co.
Roth CH Acquisition Co. (OTC Markets: USCTF) is a blank check shell domiciled in the
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Additional Information About the Proposed Transaction for Investors and Shareholders
In connection with the proposed transaction between Roth CH and Sharon AI (the "Proposed Transaction"), Roth CH (or a subsidiary of Roth CH) intends to file relevant materials with the
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Roth CH, Sharon AI and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the Proposed Transaction. Information about Roth CH's directors and executive officers including a description of their interests in Roth CH is included in Roth CH's most recent Annual Report on Form 10-K, including any information incorporated therein by reference, as filed with the SEC. Additional Information regarding these persons and their interests in the transaction will be included in the proxy statement/prospectus relating to the Proposed Transaction when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Forward-Looking Statements
This news release contains forward-looking statements that are not historical facts. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions. Examples of such forward-looking statements include but are not limited to express or implied statements regarding New Era Helium’s, Roth CH's or Sharon AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: the Proposed Transaction; expectations regarding the use of capital resources, including the time period over which the combined company's capital resources will be sufficient to fund its anticipated operations; and the expected trading of the combined company's stock. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include: the risk that the conditions to the closing or consummation of the Proposed Transaction are not satisfied, including the failure to obtain stockholder approval for the Proposed Transaction; uncertainties as to the timing of the consummation of the Proposed Transaction and the ability of each of Roth CH and Sharon AI to consummate the transactions contemplated by the Proposed Transaction; risks related to Roth CH's and Sharon AI's ability to correctly estimate their respective operating expenses and expenses associated with the Proposed Transaction, as applicable, as well as uncertainties regarding the impact any delay in the closing would have on the anticipated cash resources of the resulting combined company upon closing and other events and unanticipated spending and costs that could reduce the combined company's cash resources; the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Proposed Transaction by either company; the effect of the announcement or pendency of the Proposed Transaction on Roth CH's or Sharon AI's business relationships, operating results and business generally; costs related to the business combination; the outcome of any legal proceedings that may be instituted against Roth CH, Sharon AI, or any of their respective directors or officers related to the business combination agreement or the transactions contemplated thereby; the ability of Roth CH or Sharon AI to protect their respective intellectual property rights; competitive responses to the Proposed Transaction; unexpected costs, charges or expenses resulting from the Proposed Transaction; whether the combined business of Roth CH and Sharon AI will be successful; legislative, regulatory, political and economic developments; future market conditions; unusual catastrophic loss events; changes in the capital markets and additional risks described in the "Risk Factors" section of Roth CH's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov.
You are cautioned that such statements are not guarantees of future performance and that our actual results may differ materially from those set forth in the forward-looking statements. The forward-looking statements and other information contained in this news release are made as of the date hereof and neither New Era Helium, Roth CH nor Sharon AI undertakes any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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Sharon AI Media Contact:
info@sharonai.com
New Era Helium Investor and Media Contact:
Investor Relations
Jonathan.Paterson@harbor-access.com
Tel +1 475 477 9401
Contact:
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Source: Sharon AI, Inc.
FAQ
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