New Era Energy Locks In 20-Year, 207 MW Power Deal With Vistra for Texas Data Center

New Era Energy & Digital (NUAI) announced Monday that its subsidiary TCDC PowerCo LLC has signed a 20-year power purchase agreement with Luminant ET Services Company, an affiliate of Vistra Corp (VST), to supply a minimum of 200 MW and up to 207 MW of electricity for Phase 1 of the company's Texas Critical Data Center project in Ector County.

Power will be sourced from Vistra's 1,180 MW natural gas-fired generating facility in Odessa, Texas, which sits immediately adjacent to the TCDC site. The agreement carries an initial 20-year term with automatic one-year renewal periods, and contracted power is expected to be available to the project by the third quarter of 2027. A companion development framework was also established, creating a pathway for future expansion of the site beyond Phase 1.

CEO Charlie Nelson called the agreement a landmark step, saying it transforms TCDC from "a site with a power plan into permitted powered land," noting that Phase 1 now has land secured, construction permits in hand, and 20 years of contracted power. The company said the deal materially reduces Phase 1 development risk and positions the site as an attractive opportunity for prospective tenants. Shares of NUAI surged more than 30% on the news, reaching around $7.65 in early afternoon Monday trading.