Sharon AI Inc. and New Era Helium Corp to Form Joint Venture for 90MW Net Zero Energy Data Center in the Permian Basin, Texas
Sharon AI and New Era Helium have signed a non-binding letter of intent to form a 50/50 joint venture for a 90MW net-zero energy data center in the Permian Basin, Texas. The project aims to capture 250,000 metric tons of CO2 to qualify for 45Q tax credits. New Era Helium will provide gas supply at fixed costs for up to 20 years and handle energy infrastructure, while Sharon AI will design and operate the Tier 3 data center with partners Nvidia and Lenovo. The facility will feature direct-to-chip liquid cooling and focus on AI/HPC workloads. This development follows New Era Helium's planned business combination with Roth CH Acquisition V Co., expected to result in NEH's Nasdaq listing.
Sharon AI e New Era Helium hanno firmato una lettera d'intenti non vincolante per costituire una joint venture 50/50 per un centro dati a energia net-zero da 90MW nel Permian Basin, Texas. Il progetto ha l'obiettivo di catturare 250.000 tonnellate metriche di CO2 per qualificarsi ai crediti d'imposta 45Q. New Era Helium fornirà la fornitura di gas a costi fissi per un massimo di 20 anni e gestirà le infrastrutture energetiche, mentre Sharon AI progetterà e gestirà il centro dati di Classe 3 con i partner Nvidia e Lenovo. La struttura presenterà un raffreddamento liquido diretto al chip e si concentrerà su carichi di lavoro AI/HPC. Questo sviluppo segue la pianificata combinazione commerciale di New Era Helium con Roth CH Acquisition V Co., che dovrebbe portare alla quotazione di NEH sul Nasdaq.
Sharon AI y New Era Helium han firmado una carta de intención no vinculante para formar una empresa conjunta 50/50 para un centro de datos de energía neta cero de 90MW en la Cuenca de Permian, Texas. El proyecto tiene como objetivo capturar 250,000 toneladas métricas de CO2 para calificar para créditos fiscales 45Q. New Era Helium proporcionará el suministro de gas a costos fijos por hasta 20 años y manejará la infraestructura energética, mientras que Sharon AI diseñará y operará el centro de datos de Nivel 3 con los socios Nvidia y Lenovo. La instalación contará con enfriamiento líquido directo al chip y se enfocará en cargas de trabajo de IA/HPC. Este desarrollo sigue la combinación comercial planificada de New Era Helium con Roth CH Acquisition V Co., que se espera resulte en la cotización de NEH en Nasdaq.
샤론 AI와 뉴 에라 헬륨은 텍사스 퍼미안 분지에 90MW 넷 제로 에너지 데이터 센터를 설립하기 위해 비구속적인 양해각서를 체결했습니다. 이 프로젝트는 45Q 세금 크레딧을 받기 위해 250,000 미터톤의 CO2를 포집하는 것을 목표로 합니다. 뉴 에라 헬륨은 최대 20년 동안 고정 비용으로 가스를 공급하고 에너지 인프라를 관리하며, 샤론 AI는 파트너인 Nvidia와 Lenovo와 함께 Tier 3 데이터 센터를 설계하고 운영할 예정입니다. 이 시설은 칩 직접 냉각을 특징으로 하며 AI/HPC 작업에 집중할 것입니다. 이 개발은 뉴 에라 헬륨의 Roth CH Acquisition V Co.와의 계획된 사업 결합 후속 조치로, NEH의 나스닥 상장을 기대하고 있습니다.
Sharon AI et New Era Helium ont signé une lettre d'intention non contraignante pour former une coentreprise 50/50 pour un centre de données à énergie net-zéro de 90MW dans le bassin permien, au Texas. Le projet vise à capturer 250 000 tonnes métriques de CO2 pour se qualifier pour les crédits d'impôt 45Q. New Era Helium fournira l'approvisionnement en gaz à des coûts fixes pendant une période maximale de 20 ans et gérera l'infrastructure énergétique, tandis que Sharon AI concevra et exploitera le centre de données de niveau 3 avec les partenaires Nvidia et Lenovo. L'installation présentera un refroidissement liquide direct au chip et se concentrera sur les charges de travail en IA/HPC. Ce développement fait suite à la combinaison commerciale prévue de New Era Helium avec Roth CH Acquisition V Co., qui devrait conduire à l'inscription de NEH au Nasdaq.
Sharon AI und New Era Helium haben ein unverbindliches Letter of Intent unterzeichnet, um ein 50/50 Joint Venture für ein 90MW netto-null Energie Datenzentrum im Permian Basin, Texas, zu gründen. Das Projekt zielt darauf ab, 250.000 metrische Tonnen CO2 zu erfassen, um für 45Q Steuervergünstigungen berechtigt zu sein. New Era Helium wird die Gasversorgung zu festen Kosten für bis zu 20 Jahre bereitstellen und die Energieinfrastruktur betreuen, während Sharon AI das Tier 3 Datenzentrum mit den Partnern Nvidia und Lenovo entwerfen und betreiben wird. Die Einrichtung wird eine Direktkühlung zu den Chips bieten und sich auf AI/HPC-Arbeitslasten konzentrieren. Diese Entwicklung folgt auf die geplante Unternehmensvereinigung von New Era Helium mit Roth CH Acquisition V Co., die voraussichtlich zur Notierung von NEH an der Nasdaq führen wird.
- Formation of 50/50 joint venture for a significant 90MW data center project
- Potential tax credits from 250,000 metric tons of CO2 capture
- Secured long-term gas supply agreement for up to 20 years
- Partnership with major tech companies Nvidia and Lenovo
- Potential for significant expansion beyond initial 90MW capacity
- Non-binding agreement with no guarantee of definitive deal completion
- Significant capital investment required for infrastructure development
- Project execution risks in complex data center and power plant construction
Insights
This 90MW data center joint venture represents a significant strategic development, combining Sharon AI's computing expertise with New Era Helium's energy infrastructure capabilities. The key value proposition lies in the vertical integration of natural gas resources with power generation and data center operations. The project's net-zero approach through CO2 capture (250,000 metric tons) qualifies for valuable 45Q tax credits, enhancing financial viability.
The fixed-cost gas supply agreement spanning up to 20 years provides important long-term operational stability. The potential for expansion beyond 90MW, coupled with the Tier 3 certification and liquid cooling technology, positions this venture to capitalize on growing AI computing demands. The integration of Nvidia Cloud Partner architecture adds technical credibility and market appeal for potential hyperscale customers.
The direct-to-chip liquid cooling technology and Tier 3 certification are important differentiators in the competitive AI infrastructure market. Partnership with Nvidia and Lenovo provides access to industry-leading GPU architecture and computing solutions, essential for high-performance AI workloads. The location in the Permian Basin offers strategic advantages for power costs and reliability.
The focus on AI/HPC training and inference workloads aligns with rapidly growing market demand. The project's scalability beyond 90MW presents significant upside potential, particularly for attracting hyperscale clients seeking sustainable computing solutions. The integrated approach to power generation and cooling technology should deliver superior operational efficiency compared to traditional data centers.
Under the terms of the 50/50 joint venture, the parties will jointly design, build and operate an initial 90MW power plant and subsequent deployment of Tier 3 data centers. The JV has identified a suitable site and preliminary specifications for the power plant and data center infrastructure. Furthermore, the 90MW power plant is expected to capture approximately 250,000 metric tons of CO2 in order to qualify for certain 45Q tax credits associated with carbon capture, utilization and storage (CCUS). The JV will leverage the existing Pecos Slope Field owned and operated by New Era Helium where it currently produces helium, natural gas liquids and dry natural gas within its 137,000-acreage position. As part of the JV, New Era Helium will enter into a gas supply agreement with the JV at a mutually agreed fixed cost for five years plus three options of five years each.
Sharon AI will be the exclusive AI/HPC provider and is expected to design, build and operate the high density, liquid cooled, Tier 3 data center at the project site. Sharon AI expects to work with its ecosystem partners, including Nvidia and Lenovo, on the data center, GPU, network architecture and design, which is expected to include Nvidia Cloud Partner (NCP) reference architecture 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 90MW gas-fired power plant has the potential to expand significantly 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.
Roth CH Acquisition V Co., a publicly traded special purpose acquisition company, and New Era Helium Corp. signed a definitive agreement for a business combination on January 4, 2024, that is expected to result in NEH becoming a public company listed on Nasdaq. On November 6, 2024, the
Wolf Schubert, CEO of Sharon AI Inc. commented: “We are very excited to be building Tier 3 direct-to-chip liquid cooling data centers in the
E. Will Gray II, CEO of New Era Helium Corp commented: “The Sharon AI partnership marks an integral step in New Era Helium’s advancement of high-grading natural gas production into multiple revenue streams and vertical integration into energy infrastructure. Given the growth in cloud computing and AI, uninterruptible power remains a critical asset and power, much like helium, remains a critical puzzle piece to its continued adoption. This JV allows us to take our dry natural gas by-product and monetize it into power, realizing a much higher net price. Additionally, we are enthusiastic to partner with the Sharon AI team as they have a proven track record in the development of high compute datacenters. Our shareholders will benefit from our joint ownership and partnership in this project and what we anticipate will grow beyond a 90MW project.”
John Lipman, Co-CEO of Roth CH Acquisition V Co., stated, “We are thrilled to see New Era Helium and Sharon AI come together on this potential Joint Venture. We see this as a new revenue, profit, and growth stream for New Era Helium to use its large natural gas reserves to provide a reliable consistent power energy source to the rapidly expanding AI Datacenter market. The Sharon AI team has deep sector expertise and experience in building and managing datacenters, and key partnerships with industry leaders Lenovo and Nvidia. New Era Helium’s roots in the Permian Basin will provide this proposed partnership with the strategic know-how and local relationships for power, supply, and construction.”
Please join the management of New Era Helium and Sharon AI on November 13, 2024 to learn more about this new venture. Details can be found below:
NEH and Sharon AI Webinar: November 13, 2024, at 2:30 PM Eastern Time (
Register in advance:
https://us02web.zoom.us/webinar/register/WN_n4XAaLScSy-A8udA5eJavg
After registering, you will receive a confirmation email containing information about joining the webinar.
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 3 data center facilities. For more information, visit: www.sharonai.com
About New Era Helium Corp.
New Era is an exploration and production company that sources helium produced in association with the production of natural gas reserves in
About Roth CH Acquisition V Co.
Roth CH Acquisition V Co. is a blank check company incorporated for the for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Roth CH Acquisition V Co. is jointly managed by affiliates of Roth Capital Partners and Craig-Hallum Capital Group. Its initial public offering occurred on December 3, 2021. Roth CH’s vote date on its proposed merger with New Era Helium is November 26, 2024. For more information, visit https://www.rothch.com/.
Additional Information and Where to Find It
Information contained in this announcement is seperately avaialble by RothCh and its subsidiary, Roth CH V Holdings, Inc as well as from New Era Helium Corp. Sharon AI Inc makes no representations with respect of either RothCh and its subsidiary, Roth CH V Holdings, Inc, or New Era Helium Corp. Interested parties should refer to each of their respective announcements in relation to the transaction as contained in this announcement.
In connection with the Proposed Business Combination, RothCh and its subsidiary, Roth CH V Holdings, Inc. (“Holdings”), have filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (File No. 333-280591) (the “Registration Statement”) containing a proxy statement of RothCH that also constitutes a prospectus of Holdings (the “Proxy Statement/Prospectus”). The Registration Statement was declared effective by the SEC on November 6, 2024, and was first mailed to ROCL’s stockholders on or about November 6, 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112922020/en/
Sharon AI, Inc.
Media:
info@sharonai.com
New Era Helium Corp.
Investor and Media:
Investor Relations
Jonathan.Paterson@harbor-access.com
Tel +1 475 477 9401
Roth CH Acquisition V Co.
RothCH@roth.com
Source: Sharon AI Inc.
FAQ
What is the capacity of the planned net-zero energy data center by Sharon AI and New Era Helium?
How much CO2 is the joint venture project expected to capture?
What is New Era Helium's role in the joint venture data center project?
When is the Special Meeting for Roth CH stockholders to vote on the business combination with New Era Helium?
