TLDR
- New Era Energy stock jumped 16% Monday after announcing a 20-year power agreement with a Vistra affiliate.
- Luminant will provide between 200 MW and 207 MW for Phase 1 of New Era’s Texas Critical Data Center.
- Power is expected to become available during the third quarter of 2027.
- Vistra will receive a 5% non-voting interest in the part of the project it powers once electricity delivery begins.
- New Era’s 493-acre Texas site is planned to scale to as much as 1.4 GW over time.
New Era Energy & Digital (NUAI) stock jumped 16% Monday morning after the company announced a long-term power agreement with Vistra. NUAI had closed Friday at $5.86, up 0.86% for the session.
New Era Energy & Digital, Inc., NUAI
The agreement covers Phase 1 of New Era’s Texas Critical Data Center project. It provides between 200 MW and 207 MW of contracted electricity.
Luminant ET Services Company, an affiliate of Vistra, will supply the power. The contract has an initial term of 20 years, followed by automatic one-year renewal periods.
Power is expected to become available during the third quarter of 2027. New Era said having contracted electricity in its own name gives it control of Phase 1 power.
Vistra Deal Secures Phase 1 Power
The electricity will come from Vistra’s 1,180 MW natural gas-fired generating facility in Odessa, Texas. That plant sits immediately next to the data center site.
New Era Chairman and CEO Charlie Nelson said the agreement reduces development risk for Phase 1. The company already has the land and construction permits for the project.
The Texas Critical Data Center covers around 493 acres in the Permian Basin. New Era expects the site could eventually scale to about 1.4 GW of capacity.
The PPA is only one part of the agreement between the companies. New Era and Vistra also signed a development framework covering possible future projects.
Once power delivery starts, Vistra will receive a 5% non-voting interest in the part of the data center receiving power under the PPA.
Vistra will also receive a right of first refusal on future development opportunities at the Texas project. It has a right of first offer on certain opportunities connected to other New Era projects.
New Era Plans Larger Texas Expansion
The agreement gives New Era a defined source of electricity for its first development phase. Power availability has become a key requirement for companies developing large data center sites.
New Era is targeting AI training and inference workloads at the Texas project. The company plans a phased development model rather than building the full planned capacity at once.
Vistra executive Claudia Morrow said demand for dependable electricity supporting digital infrastructure continues to grow across the United States. She said the framework allows the two companies to evaluate more power opportunities over time.
NUAI had already been volatile before Monday’s announcement. The stock rose 22% on Sept. 8 before giving back part of that gain in later sessions.
Friday’s $5.86 close was above its Sept. 1 closing price of $4.85. Trading volume Friday reached about 8.4 million units.
The latest confirmed project timeline calls for Vistra’s contracted power to become available in the third quarter of 2027. The agreement covers up to 207 MW initially, while New Era continues planning additional phases at the 493-acre site.
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