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New Era Energy & Digital’s TCDC Signs LOI with Mawgan Capital to Deliver Proprietary Power Supply for AI Data Center Campus in Ector County
MIDLAND, Texas--(BUSINESS WIRE)-- New Era Energy & Digital, Inc. (Nasdaq: NUAI) (“NEED” or the “Company”), formerly, New Era Helium, Inc., today announced
About this update from New Era Energy & Digital, Inc.
[{"type":"text","content":" MIDLAND, Texas--(BUSINESS WIRE)--\nNew Era Energy & Digital, Inc. (Nasdaq: NUAI) (“NEED” or the “Company”), formerly, New Era Helium, Inc., today announced that Texas Critical Data Centers LLC (“TCDC”), its 50/50 joint venture with Sharon AI, Inc. (“Sharon AI”) has signed a non-binding letter of intent with Mawgan Capital to deploy its proprietary Digital Zero Power™ (“DZP”) solution for TCDC’s planned Ector County Data Center Campus (the “Campus”) in Texas.\n\n\nUnder the LOI, Mawgan Capital intends to finance and deliver a behind-the-meter natural gas–based generation system through its proprietary Digital Zero Power™ product, a comprehensive end-to-end supply chain decarbonization solution. The DZP™ platform leverages Irrefutable™ low carbon intensity gas certificates and carbon credits and is powered by Context Labs’ Context AI™ Enterprise Carbon Management Platform, an advanced digital infrastructure that enables organizations to quantify and prove the carbon profile of their operations. This structure intends to ensure the Campus provides reliable, sustainable power with the goal of reducing our carbon footprint and further differentiating TCDC’s operations from conventional Texas grid-connected data centers.\n\n\nConstruction and integration are expected to commence later this year, with full commissioning targeted over the next 18 months. Once operational, the solution is expected to serve as the energy backbone for TCDC’s high-performance, AI-optimized compute campus, delivering resilient power and enhanced sustainability credentials.\n\n\nE. Will Gray II, CEO of New Era Energy & Digital, Inc. commented: “The partnership with Mawgan Capital allows us to deliver verified, low zero-carbon power to our on-site customers supporting their sustainability goals while providing world-class power reliability in West Texas.”\n\n\nWolf Schubert, CEO of Sharon AI said: “Our collaboration with Mawgan Capital should enhance the viability of the project and creates a world-class decarbonized AI data center. This partnership could position TCDC at the forefront of sustainable digital infrastructure development in West Texas and set a new benchmark for energy-resilient data center campuses globally.”\n\n\nDavid Tucker, CEO of Mawgan Capital said: “Our goal with the DZP™ is to leverage market-driven environmental innovations to help dat...