New Era Energy secures a 20-year power supply deal with Vistra Corp for its Texas data center, driving shares up 30% as development risks for the project decline.
New Era secured a 20-year power purchase agreement for its Texas data center, materially reducing development risk and driving shares up over 30%.
Vistra signed a 20-year PPA to supply power to New Era's data center and obtained a 5% non-voting interest, but the financial impact on Vistra is not disclosed and appears modest relative to its overall business.
New Era Energy & Digital shares jumped over 30% after securing a 20-year power purchase agreement with Vistra Corp for its Texas Critical Data Center. The deal guarantees up to 207 MW of electricity starting in 2027, significantly de-risking the project's first phase.
The 20-year agreement provides firm, contracted power for the Texas Critical Data Center, which management states materially reduces development risk and makes the site more attractive to potential tenants.