Proactive - Interviews for investors

New Era Helium JV signs landmark deal for 250MW power to fuel Texas AI data center

Episode Summary

New Era Helium CEO Will Gray joined Steve Darling from Proactive to share major news regarding the company’s rapidly evolving joint venture, Texas Critical Data Centers, LLC (TCDC). The joint venture, established between New Era Helium and Sharon AI, has entered into a non-binding Memorandum of Understanding with PowerForward Energy Solutions to provide 250 megawatts of on-site power generation capacity for its planned AI and high-performance computing campus in Ector County, Texas. This initiative represents a strategic step toward positioning TCDC as a key player in the booming AI and cloud infrastructure market. The campus is being designed to meet surging demand for GPU-powered data environments, driven by the exponential growth of artificial intelligence, machine learning, and other compute-intensive technologies. Under the terms of the MOU, PFES will take responsibility for manufacturing, installing, and operating the generation infrastructure at the TCDC site. The first phase will include the delivery of 100MW of power within 12 months of securing funding, with the full 250MW targeted for completion within an 18-month timeline. Gray emphasized the importance of the agreement as a foundational element in bringing the data center campus online quickly and efficiently. The site’s development is already well underway, with the Phase I Environmental Site Assessment successfully completed. Work is also progressing on air permitting, an essential step in ensuring full regulatory compliance for power generation and data center operations. In parallel, TCDC, along with partners Sharon AI and PFES, is evaluating the integration of advanced carbon capture technologies. This reflects a broader commitment to environmental responsibility and aligns with emerging sustainability requirements for large-scale data infrastructure. The joint venture is also engaged in active discussions with multiple prospective customers, including companies seeking access to “powered land” for rapid deployment of their computing infrastructure. In terms of next steps, the project is focused on securing natural gas supply agreements to fuel the planned generation capacity, while also advancing interconnection planning with regional grid partners. These milestones will be critical in aligning the data center with the energy and digital infrastructure required to support high-performance workloads. #proactiveinvestors #neweraheliuminc #nasdaq #nehc #oil #gas #perimianbasin #HeliumProduction #NaturalGas #DataCenters #AIInfrastructure #PecosSlope #VerticalIntegration #EnergyMarkets #PermianBasin #Semiconductors #PowerGeneration #ProactiveInvestors