Sharon AI and New Era Helium Finalise Joint Venture to Build 250MW Net-Zero Energy Data Centre in Texas

Published January 22, 2025

Sharon AI and New Era Helium have officially launched their joint venture, Texas Critical Data Centers LLC (TCDC), to construct a 250MW net-zero energy data centre in the Permian Basin. This collaboration highlights their shared vision for sustainable energy infrastructure supporting AI and high-performance computing (HPC) industries.

AI Meets Net-Zero Energy

Following their December 2024 binding letter of intent, the two companies are advancing plans to develop one of the largest net-zero energy data centres in the region. The project aims to utilise New Era Helium’s natural gas infrastructure and Sharon AI’s expertise in cloud GPU compute and Tier III/Tier IV data centre design.

Net-Zero Data Centre Design

The centre will incorporate carbon capture technology to qualify for 45Q tax credits, ensuring a sustainable approach. Final site selection is expected by Q1 2025, alongside entitlements, technology choices, and discussions with offtake partners like hyperscalers.

Highlights of the Initiative

Long-term gas supply agreements with New Era Helium to guarantee price stability.
Proximity to existing fibre optic networks and gas transmission lines within the Permian Basin.
Deployment of advanced GPUs, including NVIDIA H200 and H100 models.

Will Gray II, CEO of New Era Helium, remarked:

“The creation of Texas Critical Data Centers, LLC reflects our goal of building innovative energy infrastructure to support the growing needs of the AI/HPC-driven digital world. By combining our expertise in helium and clean energy with Sharon AI’s cutting-edge computing technologies, we’re setting a new standard for sustainability and innovation.”

Wolf Schubert, CEO of Sharon AI, added:

“We are excited to be rapidly progressing our Texas Critical Data Centers LLC joint venture with New Era Helium given the high demand in the US for large-scale, low-cost, net-zero energy data centers, which are essential for powering AI/HPC workloads.”

For more information, visit New Era Helium and Sharon AI.

View Full Press Release

Read the full announcement here.

Cautionary Note Regarding Forward-Looking Statements

Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will the Company and its affiliates be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages. There is no guarantee that New Era Helium and Texas Critical Data Centers LLC will actually enter into the long term offtake gas supply agreement mentioned in this press release and materialize the benefits therefrom.