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New Era Energy & Digital Reports Major Development Milestones and Expanded Readiness at its TCDC AI Data Center Campus
MIDLAND, Texas--(BUSINESS WIRE)-- New Era Energy & Digital, Inc. (Nasdaq: NUAI) (“New Era” or the “Company”), a developer and operator of next-generation
About this update from New Era Energy & Digital, Inc.
[{"type":"text","content":" MIDLAND, Texas--(BUSINESS WIRE)--\nNew Era Energy & Digital, Inc. (Nasdaq: NUAI) (“New Era” or the “Company”), a developer and operator of next-generation digital infrastructure and integrated power assets in the Permian Basin, today announced significant progress across engineering, commercial, and regulatory workstreams at its Texas Critical Data Centers (“TCDC”) campus, its 50/50 joint venture with Sharon AI, Inc. TCDC is the Company’s flagship AI data center and power development project spanning a planned 438 acre site in Ector County near Odessa, Texas.\n\nFoundational Site & Engineering Progress\nNew Era has advanced key early-stage development activities at the TCDC campus designed to scale well beyond 1 GW establishing the physical groundwork and engineering readiness required to move into the construction phase. These milestones accelerate TCDC’s path toward shovel-ready status.\n\n\nSoil sampling underway, enabling final foundation and structural engineering.\n\n\nSite clearing underway, with earthwork beginning this week.\n\n\nDrone documentation scheduled, providing transparent, verifiable construction updates.\n\n\nOngoing civil planning and interconnection studies to support multi-gigawatt scalability.\n\n\nRegulatory & Municipal Enablement\nThe Company has engaged specialized legal counsel to establish an Industrial District with the City of Odessa, which will unlock access to municipal water, wastewater services and support the infrastructure required for large-scale AI data-center operations. This framework materially de-risks utility availability supporting future phases and positions TCDC for efficient long-term operations over the lifespan of the data center.\n\nCommercial & Partnership Progress\nNew Era continues to build commercial depth and strength through its disciplined, partnership-driven development model, central to the Company’s positioning as a pick-and-ax developer supporting the emerging frontier tech ecosystem. Key progress includes:\n\n\nNegotiations are underway with a leading hyperscaler on a long-term NNN lease for a powered-shell deployment, while commercial discussions with additional prospective tenants continue to advance.\n\n\nWorking with multiple modular data-center manufacturers to control costs, mitigate labor constraints and ensure rapid, repeatable end-to-end delivery that can b...