New Era Energy Completes Acquisition of 50% Stake in TCDC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4h ago
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Source: Businesswire
- Acquisition Completed: New Era Energy has finalized its acquisition of Sharon AI's 50% stake in Texas Critical Data Centers (TCDC), initially announced on December 23, 2025, marking a significant expansion in the company's digital infrastructure portfolio.
- Strategic Shift: This acquisition grants New Era full control over the TCDC project, as Sharon AI relinquishes all governance rights and control provisions, thereby laying the groundwork for the project's next development phase.
- CEO Remarks: E. Will Gray II, CEO of New Era Energy, expressed gratitude for Sharon AI's support during the development phase, emphasizing that the buyout agreement represents a constructive outcome for both parties and signifies a shift from planning to execution.
- Legal Advisors: Vinson & Elkins L.L.P. served as legal counsel for New Era Energy, while Sheppard, Mullin, Richter & Hampton LLP provided legal support to Sharon AI, ensuring compliance and smooth execution of the transaction.
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About NUAI
New Era Energy & Digital, Inc., formerly New Era Helium, Inc., is a platform delivering integrated solutions across energy, power, and digital infrastructure. The Company controls over 137,000 acres in Southeastern New Mexico with helium and natural gas reserves. Through its joint venture, Texas Critical Data Centers (TCDC, www.texascriticaldatacenters.com), it is advancing a scalable, up to one gigawatt (GW) artificial intelligence (AI) and high-performance computing (HPC) campus to meet demand for compute capacity and energy-efficient infrastructure. It delivers turnkey solutions that enable hyperscale, enterprise, and edge operators to accelerate data center deployment. TCDC’s flagship project is a 250-megawatt data center campus in Ector County, Texas, purpose-built to meet demand for AI and cloud GPU workloads. The site features advanced natural gas power generation, liquid cooling systems, and the potential for carbon capture integration, delivering scalable compute capacity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
