New Era Energy Signs Long-Term Power Deal with Vistra for Texas Data Center Project
New Era Energy & Digital (NASDAQ:NUAI) has signed a 20-year power purchase agreement with Vistra Corp's affiliate Luminant ET Services Company to supply electricity for the first phase of its Texas Critical Data Center. The deal guarantees between 200 MW and 207 MW from Vistra’s natural gas-fired plant in Odessa, Texas, adjacent to New Era’s project site. This agreement is expected to reduce development risk for Phase 1 and supports construction permits already secured. The news caused a significant jump in New Era Energy's stock price, with shares rising over 30% on Monday trading at around $7.65 by early afternoon. The power supply will begin reaching the data center site in Q3 of 2027, and the agreement includes automatic one-year renewals after its initial term. In addition to the PPA, New Era and Vistra signed a development framework that grants Vistra certain rights on future TCDC developments and other projects. Both companies emphasized their commitment to supporting growing digital infrastructure needs in the U.S.
