New Era Helium JV to Power Texas AI Data Center with 250MW from On-Site Generators

New Era Helium, Inc. (NASDAQ:NEHC) ("NEHC" or the "Company"), a next-gen exploration and production platform in the Permian Basin, today announced that the Texas Critical Data Centers, LLC ("TCDC") joint venture has entered into a non-binding Memorandum of Understanding ("MOU") with PowerForward Energy Solutions ("PFES") to provide 250MW of on-site generation capacity to power its planned AI and high-performance computing ("HPC") campus in Ector County, Texas.

TCDC, the joint venture established between New Era Helium and Sharon AI, Inc. in 2024, is focused on building a 250MW data center to support the rapidly growing demand for AI and cloud GPU infrastructure. Under the terms of the MOU, signed on April 23, 2025, PFES has agreed to manufacture, install, and operate 250MW of generation assets at the TCDC site, with the first 100MW targeted for delivery within 12 months of funding and full deployment expected within 18 months.

PFES is a joint venture between Progen Industries, a U.S.-based manufacturer of natural gas-fired engine-driven generators, and MBS Engineering, Inc. The partners bring more than 70 years of combined experience in delivering resilient, distributed power solutions for critical infrastructure.

Work at the site continues to progress, including the completion of the Phase I Environmental Site Assessment and ongoing planning for air permitting. NEHC, Sharon AI, and PFES are also jointly evaluating carbon capture technologies. TCDC is in active discussions with potential customers, including parties interested in acquiring powered land for near-term deployment. Near-term milestones include securing natural gas supply agreements and advancing interconnection planning with regional grid partners.