Data Center Developer Secures 20-Year, 207 MW PPA With Vistra; Vistra To Receive Non-Voting Interest In Texas Data Center Project

New Era Energy & Digital, Inc., a developer of digital infrastructure and integrated power assets, announced that its subsidiary, TCDC PowerCo LLC, has entered into a 20-year power purchase agreement with Luminant ET Services Company LLC, an affiliate of Vistra Corp., under which Luminant has agreed to supply a minimum of 200 MW and up to 207 MW of power for Phase 1 of New Era’s Texas Critical Data Center (TCDC) project.

Under the PPA, Luminant will supply power from Vistra’s 1,180 MW natural gas-fired generating facility in Odessa, Texas, which is located immediately adjacent to the TCDC site. The PPA has an initial 20-year term, with automatic one-year renewal periods thereafter.

The firm, contracted power is expected to be available to TCDC in Q3 of 2027.

Concurrently with the PPA, affiliates of New Era and Vistra entered into a development framework agreement, "that establishes a pathway for advancing future power development at TCDC and other New Era projects," New Era said

"Following commencement of power delivery, Vistra will receive a 5% non-voting interest in the portion of the data center project to which Vistra provides power under the PPA. The agreement also provides Vistra with a right of first refusal on future development opportunities at the TCDC project and, a right of first offer on certain development opportunities serving other New Era projects," New Era said