New Era secures key permits for Texas Critical Data Centers, sees capacity rising

Tech Software & Services Written by: Angela Harmantas 08:38 Mon 17 Aug 2026 --> Proactive has a commercial relationship with New Era Energy & Digital. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. New Era Energy & Digital ( NASDAQ:NUAI ) View Price & Profile New Era secures key permits for Texas Critical Data Centers, sees capacity rising Published: 08:38 17 Aug 2026 EDT New Era Energy & Digital (NASDAQ:NUAI) said it has secured construction permits for its Texas Critical Data Centers project, a milestone the company said reduces development risk at the site. The company, which develops digital infrastructure and integrated power assets, received Development Structure and Drive Approach Permits from Ector County and submitted the Phase 1 plat to Ector County and the City of Odessa. The company also received approval of a Notice of Intent from the Texas Commission on Environmental Quality (TCEQ) to commence grading and intends to begin site grading in the coming weeks. "Having construction permits in hand is the milestone we've been working toward, and we believe it meaningfully reduces the development risk at the site," said Charlie Nelson, CEO of New Era. "The standard air permit filed by our Phase 2 power partner will support more capacity than we had previously contemplated, and would take TCDC Phases 1 and 2 to approximately 757MW combined on the same timeline. We are also in advanced negotiations for a power purchase agreement for Phase 1 in New Era's name. Holding that power ourselves is what would turn TCDC from a site with a power plan into powered land.” The company closed its 54-acre corridor acquisition, bringing the campus to 493 acres with all planned development land now secured, and removed 22 abandoned pipelines across 12 rights-of-way. A final surface waiver remains pending from one leasehold operator. Thunderhead Energy Solutions, New Era's Phase 2 power partner, submitted a standard air permit application to TCEQ supporting approximately 550MW of Phase 2 capacity, up from 450MW, citing improved generation equipment and emissions controls. Combined, Phases 1 and 2 would total approximately 757MW. New Era said its power solutions align with Governor Abbott's data center directive and cited ongoing talks with Stream Data Centers. The company also filed its quarterly report for the period ended June 30, 2026. Second-quarter results largely reflect New Era's legacy helium and natural gas assets, which management continues to evaluate for potential monetization or exit. New Era reported $84.8 million of cash, cash equivalents and restricted cash as of June 30, 2026, and $270 million undrawn under its up to $290 million facility with Macquarie. The company said expected Phase 1 equity needs are more than covered by existing cash and the Macquarie facility. Continue reading