New Era Energy & Digital secures up to 207 MW of power for TCDC Phase 1
NUAI•New Era Energy & Digital signed a 20-year power purchase agreement with Luminant for 200–207 MW for TCDC Phase 1, with power availability expected in the third quarter of 2027. The company also completed a $64 million PIPE to support repayment of Macquarie borrowings and TCDC leasing and development.
1. Phase 1 power agreement
New Era Energy & Digital signed a 20-year power purchase agreement with Luminant for 200–207 MW for TCDC Phase 1. Power availability is expected in the third quarter of 2027, with initial ready-for-service targeted for the fourth quarter.
2. Leasing and Phase 2 plans
Phase 1 lease negotiations are advanced under a non-binding letter of intent covering Phases 1 and 2 with the same prospective tenant. Phase 2 plans include approximately 550 MW of new behind-the-meter generation with Thunderhead Energy Solutions; the air permit application has been filed.
3. PIPE financing
New Era Energy & Digital completed a $64 million PIPE to support repayment of Macquarie borrowings used for Phase 1 power collateral, alongside TCDC leasing and development.
