New Era Energy partners with Primary Digital to develop gigawatt-scale Texas data center

New Era Energy & Digital CEO Will Gray joined Steve Darling from Proactive to outline the company’s strategy to become a leading power provider for hyperscale data centers, highlighting a differentiated approach centered on natural gas and behind-the-meter power generation. Gray discussed the company’s recent partnership with Primary Digital Infrastructure, describing it as a “major domino” in New Era’s phased rollout plan to deliver up to one gigawatt of power capacity. Speaking from the PTC26 conference in Hawaii, he said the partnership marked an important milestone and provided an opportunity to showcase the company’s unique power-first strategy to a global audience of digital infrastructure leaders. According to Gray, New Era’s model avoids reliance on constrained public power grids by co-locating power generation directly alongside data center facilities. “We are not accessing the grid… we have a power plant that’s co-located next to our power facility,” he said, noting that this approach offers both environmental and logistical advantages, including improved efficiency, reliability, and speed to market. Gray emphasized the strategic value of partnering with Primary Digital Infrastructure, citing the firm’s track record in developing data centers for industry leaders such as Digital Realty and CyrusOne. Under the partnership, New Era will focus on its core strength in power generation and delivery, while Primary will lead data center design, construction, and development. Addressing capital and financing considerations, Gray said the company intends to limit shareholder dilution by pursuing project-level financing rather than issuing equity at the parent company level. He confirmed that New Era has filed an S-3 shelf registration to maintain financial flexibility but stressed that it represents just one component of a broader capital strategy. Gray concluded by reiterating that the company remains on track to secure a definitive lease agreement by the end of the first quarter. He emphasized that meaningful cash flow will be driven by executed leases rather than announcements, underscoring New Era’s focus on disciplined execution and long-term value creation. #proactiveinvestors #neweraheliuminc #nasdaq #nuai #oil #gas #perimianbasin #PrimaryDigitalInfrastructure #DataCenters #Hyperscale #DigitalInfrastructure #AIInfrastructure #CloudComputing #TexasDataCenters #EnergyInfrastructure #CriticalInfrastructure #InstitutionalCapital #StrategicPartnership #GigawattScale #PowerAndCompute #ProactiveInvestors