New Era Energy & Digital, Inc. announced that its subsidiary TCDC PowerCo LLC entered into a 20-year power purchase agreement with Luminant ET Services Company LLC to supply between 200 and 207 megawatts of electricity for the Texas Critical Data Center project in Odessa, Texas. The agreement requires New Era to post $116 million in letters of credit and up to $82.8 million in additional security. Concurrently, a development framework agreement grants Vistra a right of first refusal on future onsite generation opportunities starting April 2028 and a five-year right of first offer for power projects elsewhere. Upon power delivery, Vistra will receive a 5% non-voting equity interest in the relevant project portion. Power is expected to commence in Q3 2027. New Era Energy & Digital, Inc. develops large-scale data centers across energy-rich U.S. markets.
