- New Era Helium, Inc. (NEHC, Financial) announces a joint venture for a 250MW AI data center in the Permian Basin.
- The facility is set to meet the escalating demand for AI and HPC with advanced energy solutions.
- The LOI involves land acquisition and power agreements to support data infrastructure growth.
New Era Helium, Inc. (NEHC), a prominent player in the oil and gas exploration sector, has entered into a strategic joint venture through its subsidiary, Texas Critical Data Centers LLC (TCDC), with Sharon AI. A non-binding Letter of Intent (LOI) has been signed with a leading global provider of high-performance cloud services for AI and modern workloads. The initiative aims to establish a 250MW AI data center in the Permian Basin, advancing NEHC's digital infrastructure strategy.
Under the LOI, the project will potentially secure land acquisition and a power purchase agreement for up to 250 megawatts of electricity. This will specifically support future-ready data center operations featuring next-gen compute infrastructure. TCDC's site in Ector County, Texas, has been earmarked as a potential location for the expansion of the cloud provider's AI operations in the U.S.
CEO of New Era Helium, Inc., E. Will Gray II, emphasized the significance of this venture in aligning their energy platform with the growing demand for AI infrastructure. This evolution represents a pivotal opportunity to harness the synergy of energy and innovation, reflecting NEHC's commitment to the digital growth of tomorrow’s economy.
The proposed 250MW facility is anticipated to cater to the burgeoning needs for AI and cloud GPU infrastructure, integrating advanced energy and cooling technologies to minimize environmental impact while optimizing operational efficiency. Due diligence is underway for the initial 235 acres, with a closure anticipated by July 10, 2025. Upcoming project milestones include updates on natural gas supply and grid interconnection planning.
