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New Era Energy & Digital Announces 20-Year, 200-207 MW Power Purchase Agreement With Vistra's Luminant For Texas Data Center Phase 1
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New Era Energy & Digital (NUAI) has surged over 60% this month, driven by a 20-year power purchase agreement with Vistra subsidiary Luminant ET Services Company covering at least 200 megawatts. The deal provides secured power and strengthens the company's position to negotiate with hyperscalers. However, significant execution risks remain, including a substantial funding gap to complete its Texas data center facility, which could cost $3-4 billion for the initial 200-megawatt phase.
New Era Energy & Digital shares are trading higher after the company announced Luminant has agreed to supply a minimum of 200 MW and up to 207 MW of power for Phase 1 of New Era’s Texas Critical Data Center project.