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New Era Energy & Digital Provides Business Update and Reports Q3 2026 Results

  • New Era Energy & Digital secured up to 207 MW of firm, contracted power for TCDC Phase 1 with Luminant affiliate ET Services Company LLC.
  • Power availability for the Phase 1 project is expected in Q3 2027, with initial ready-for-service targeted for Q4 2027.
  • The company is in advanced negotiations regarding Phase 1 lease documentation under a non-binding LOI covering both Phases 1 2.
  • Site preparation is underway, and an additional 99 acres have been contracted alongside the existing 493 acres owned.
  • Phase 1 utilizes a behind-the-meter private network to avoid transmission costs for Texas ratepayers, while Phase 2 plans include 550 MW of new on-site generation.
  • TCDC design prioritizes water stewardship through closed-loop cooling potential reuse of oil gas produced water to reduce freshwater demand.
  • The company completed a $64 million PIPE transaction to repay Macquarie borrowings used for Phase 1 PPA cash collateral.
  • As of October 31, 2026, total cash holdings were $187 million, consisting of $49 million unrestricted cash $138 million restricted cash.
  • Outstanding debt stood at $20 million as of October 31, 2026, fully cash collateralized, with an option retained for up to $200 million in post-lease financing.
  • Phase 2 plans involve 550 MW of new behind-the-meter generation with Thunderhead Energy Solutions, and the air permit application has been filed.
  • Phase 3 remains in the design phase.
Company
New Era Energy & Digital, Inc.
Keywords
Nasdaq:NUAI, New Era Energy & Digital, Inc., AI Infrastructure, Digital Infrastructure, Data Centers, Powered Land, Data Center Development, HPC / AI, Hyperscalers