DJIA51176.96 250.40
S&P 5007722.72 56.27
NASDAQ27190.86 319.27
Russell 20002832.89 26.27
German DAX25231.20 291.85
FTSE 10010461.95 33.68
CAC 407897.19 61.88
EuroStoxx 506241.75 65.20
Nikkei 22568309.46 -647.26
Hang Seng23972.29 -640.98
Shanghai Comp3842.19 11.74
KOSPI7003.74 32.39
Bloomberg Comm IDX141.51 -0.77
WTI Crude-fut102.70 0.04
Brent Crude-fut91.26 -1.92
Natural Gas3.04 0.09
Gasoline-fut3.31 -0.11
Gold-fut4172.10 -33.20
Silver-fut60.71 -0.59
Platinum-fut1706.80 -22.00
Palladium-fut1173.00 -14.50
Copper-fut6.58 0.01
Aluminum-spot3195.00 0.00
Coffee-fut290.75 1.50
Soybeans-fut1277.25 -6.00
Wheat-fut683.00 1.25
Bitcoin84534.70 -167.93
Ethereum USD2665.84 -33.68
Litecoin69.46 1.30
Dogecoin0.09 0.00
EUR/USD1.1233 -0.0101
USD/JPY157.63 0.46
GBP/USD1.3191 -0.0073
USD/CHF0.8316 -0.0030
USD IDX101.92 -0.11
US 10-Yr TR5.276 0.042
GER 10-Yr TR3.4553 0.0004
UK 10-Yr TR5.377 0.0049
JAP 10-Yr TR3.091 -0.014
Fed Funds4 0
SOFR3.87 -0.03
High-rise commercial buildings

Sub Markets

Topics

Alternative Assets  + Commodities  + Real Assets  | 
New Era Energy & Digital’s TCDC and Thunderhead Land Power Deal

New Era Energy & Digital’s TCDC and Thunderhead Land Power Deal 

Texas Critical Data Centers and Sharon AI, a cloud computing infrastructure platform, have made a preliminary power deal with Thunderhead Energy Solutions to develop a natural gas-fired power plant with a volume of about 250 megawatts. 

Per the agreement between the two organizations, which was secured on August 22, Thunderhead will be accountable for providing the budget for the artificial intelligence-backed data center site, which will be located in Ector County, Texas.

Thunderhead will also construct and operate the establishment using a hybrid deployment of reciprocating engines and turbines, the company said. 

Both organizations expect the construction of the power station to commence this year, with a targeted completion over the next 18 months. The power plant will serve as the “energy backbone” for Texas Critical Data Centers’ AI-driven compute campus, the companies said. 

Currently, Texas Critical Data Centers and Thunderhead are under a non-binding agreement, but once there is a full commitment for the construction, the behind-the-meter power deal will go into a definitive process, a New Era Energy & Digital spokesperson said to Connect Money. 

The AI-powered data center is set to be a “scalable” AI and high-performance computing campus with a capacity of up to 1 gigawatt, developed in collaboration with Sharon AI. 

“This partnership allows us to leverage the region’s abundant natural gas resources to deliver reliable, scalable energy solutions supporting growing digital infrastructure demand through a world-class asset,” Brennan Zaunbrecher, founder and principal of Thunderhead Energy Solutions, said. 

This is the first agreement by New Era Energy & Digital since the company rebranded from New Era Helium in August to reflect its wider shift into a vertically integrated energy supplier. 

In January, New Era Energy & Digital and Sharon AI joined forces to create a 50/50 venture, which was named the Texas Critical Data Center. The TCDC was launched to serve as a collaboration to fund, develop, and construct a 250MW net-zero energy data center within the Permian Basin. 

Recently, TCDC acquired 235 acres of land in Ector County, Texas, from Grow Odessa, a non-profit organization, and the organization has signed a letter of intent with Grow Odessa for an additional 203 acres, with the chance to expand to 438 acres. 

Connect

Inside The Story

Texas Critical Data CentersSharon AIThunderhead Energy SolutionsNew Era Energy & Digital

About Rachel Dalloo