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Energy Data Center Project
In January 2025, New Era Helium finalized a 50/50 joint venture with Sharon AI, Inc. (“Sharon AI”), a high-performance computing company specializing in artificial intelligence, cloud GPU infrastructure, and cloud storage. The newly formed entity, Texas Critical Data Centers, LLC (“TCDC”), will focus on funding, developing, and constructing a cutting-edge 250MW net-zero energy data center in the Permian Basin. This joint venture aims to combine sustainable energy solutions with cutting-edge computing technology to deliver high-efficiency data services.
The 250MW power plant will leverage NEH’s existing operations in the Pecos Slope Field, where helium, natural gas liquids, and dry natural gas are currently produced. Designed to capture approximately 250,000 metric tons of CO2 annually, the power plant is expected to qualify for 45Q tax credits for carbon capture, utilization, and storage (CCUS). NEH will also provide natural gas to the project through a long-term gas supply agreement.
Sharon AI will oversee the design and operation of the high-density, liquid-cooled Tier 3 data center. Collaborating with ecosystem partners such as Nvidia and Lenovo, the data center will feature optimized GPU and network architectures tailored for AI and HPC workloads. By integrating Nvidia Cloud Partner reference architecture, the facility will deliver top-tier performance for AI training and inference tasks.
In April 2025, TCDC entered into a non-binding Memorandum of Understanding (“MOU”) with PowerForward Energy Solutions (“PFES”) to provide 250MW of on-site generation capacity. Under the terms of the MOU, PFES has agreed to manufacture, install, and operate 250MW of generation assets at the TCDC site, with the first 100MW targeted for delivery within 12 months of funding and full deployment expected within 18 months. PFES is a joint venture between Progen Industries, a U.S.-based manufacturer of natural gas-fired engine-driven generators, and MBS Engineering, Inc. The partners bring more than 70 years of combined experience in delivering resilient, distributed power solutions for critical infrastructure.
These collaborations marks a significant step in merging sustainable energy practices with advanced computing technologies, laying the groundwork for an innovative and environmentally conscious data center in the Permian Basin.