New Era Helium provides update on Texas Critical Data Centers

New Era Helium (NEHC) provided an update on Texas Critical Data Centers, NEH’s data center joint venture with Sharon AI, Inc. Established in 2024 TCDC aims to develop a 250MW net-zero AI and high-performance computing facility in Ector County, Texas. The company confirmed that certain closing requirements have commenced on the site. The initial 200-acre acquisition planned by TCDC has expanded to 235 acres by the seller, Grow Odessa. TCDC intends to close on the acquisition within the next 90 days, marking a critical milestone toward construction and commercialization. Along with the closing of the planned data center campus acreage, TCDC is simultaneously advancing other critical components of the company’s phase one criteria. These include lit fiber access, finalization of various gas supply agreements, gas transmission line access, specific power plant designs utilizing reciprocating natural gas engines combined with CO2 carbon capture, along with several additional infrastructure and operational items that the Company expects will support the data center. Formal discussions are currently underway with several potential customers as part of the TCDC’s go-to-market strategy. The joint venture is targeting the majority of the intended 250 megawatts of power to be operational by December 2026, with the remaining capacity to come online within six months. The facility’s power structure will be anchored by reciprocating natural gas engines. TCDC has held extensive conversations with multiple engine providers and intends to enter into a memorandum of understanding with one of these providers within the near future.