New Era Helium and Sharon AI finalize JV to develop 250MW net-zero data center in Texas [Video]

New Era Helium CEO Will Gray joined Steve Darling from Proactive to announce the finalization of a 50/50 joint venture with Sharon AI, a high-performance computing company specializing in AI, Cloud GPU Compute Infrastructure, and Cloud Storage. The partnership has formed Texas Critical Data Centers, which will develop a 250MW net-zero energy data center in the Permian Basin.

New Era Helium is currently negotiating a long-term offtake gas supply agreement with Texas Critical Data Centers, expected to be finalized within 30 days. The agreement will secure a fixed natural gas price for five years, with options to extend up to 20 years.

Texas Critical Data Centers has identified multiple potential sites in the Permian Basin with access to New Era Helium’s natural gas supply via existing transmission lines. The final site selection is expected to be announced in Q1 2025.

Key next steps include securing site entitlements, selecting power generation …