New Era Energy & Digital, Inc. (NASDAQ: NUAI) shares dipped Thursday. The company, a developer and operator of next-generation digital infrastructure and integrated power assets in the Permian Basin, today announced significant progress across engineering, commercial, and regulatory workstreams at its Texas Critical Data Centers campus, its 50/50 joint venture with Sharon AI, Inc. TCDC is the Company’s flagship AI data center and power development project spanning a planned 438-acre site in Ector County near Odessa, Texas.
Foundational Site & Engineering Progress
New Era has advanced key early-stage development activities at the TCDC campus designed to scale well beyond 1 GW establishing the physical groundwork and engineering readiness required to move into the construction phase. These milestones accelerate TCDC’s path toward shovel-ready status.
• Soil sampling underway, enabling final foundation and structural engineering.
• Site clearing underway, with earthwork beginning this week.
• Drone documentation scheduled, providing transparent, verifiable construction updates.
• Ongoing civil planning and interconnection studies to support multi-gigawatt scalability.
The Company has engaged specialized legal counsel to establish an Industrial District with the City of Odessa, which will unlock access to municipal water, wastewater services and support the infrastructure required for large-scale AI data-center operations.
This framework materially de-risks utility availability supporting future phases and positions TCDC for efficient long-term operations over the lifespan of the data center.
NUAI shares lost six cents, or 1.7%, to $3.50.
