New Era Energy Reports Q3 2026 Update With Up to 207 MW Contracted Power

New Era Energy & Digital (NUAI) reported a Q3 2026 business update, including a 20-year power purchase agreement for a minimum of 200 MW and up to 207 MW of firm power for Texas Critical Data Centers Phase 1.

The company said power availability is expected in the third quarter of 2027, while initial ready-for-service is targeted for the fourth quarter of 2027. New Era also said it completed a $64 million PIPE financing and had $187 million of total cash as of October 31, 2026.

• Executed a 20-year PPA with a Vistra affiliate for 200 MW to 207 MW of firm power.
• Phase 1 lease documentation remains under advanced negotiations under a non-binding LOI covering Phases 1 and 2.
• Total cash was $187 million, including $49 million unrestricted and $138 million restricted cash, as of October 31, 2026.
• Outstanding debt was $20 million as of October 31, 2026, and was cash collateralized.
• Phase 2 plans include about 550 MW of new behind-the-meter generation with Thunderhead Energy Solutions.