New Era Energy & Digital (NUAI) announced significant progress on its Texas Critical Data Centers (TCDC) project in an investor presentation. The company has secured key construction permits, increased the total planned power capacity for the first two phases to approximately 757 MW, and is in advanced negotiations for a direct Power Purchase Agreement (PPA) for Phase 1.
Key Details
- Project Milestone: Secured essential construction permits, including the Development Structure Permit and Drive Approach Permit, enabling the commencement of site grading.
- Increased Capacity: The total gross capacity for Phases 1 & 2 has been increased to ~757 MW, up from a previously planned ~650 MW. A standard air permit has been filed to support ~550 MW for Phase 2.
- Power Agreement: The company is in advanced negotiations for a Power Purchase Agreement (PPA) that would provide it with direct control over the 207 MW of power for Phase 1.
- Financial Position: As of June 30, 2026, the company holds $84.8 million in cash and has $270 million undrawn under its Macquarie credit facility to fund development.