Sharon AI And New Era Helium Announce Memorandum of Understanding with PowerForward Energy Solutions for Intended 250MW AI/HPC Data Center Project in Texas
NEW YORK--(BUSINESS WIRE)--Sharon AI, Inc. ('Sharon AI'), a High-Performance Computing ('HPC') business focused on Artificial Intelligence ('AI') and Cloud GPU Compute Infrastructure, and New Era Helium Inc. ('New Era Helium'), an exploration and production platform in the Permian Basin, provide an operational update for their joint venture, Texas Critical Data Centers LLC ('TCDC'), regarding an intended 250MW AI/HPC Data Center in Ector County, Texas.
The non-binding Memorandum of Understanding ('MOU') was signed on April 23, 2025, with PowerForward Energy Solutions ('PFES'), a joint venture between Progen Industries, a U.S. based manufacturer of natural gas fired engine driven generators, and MBS Engineering, Inc. The PFES partners bring together over 70 years of combined expertise to meet the growing demand for reliable energy solutions.
Under the MOU, PFES expects to manufacture, install and operate 250MW of generators at the Ector County site. The intent is to deliver the first 100MW within 12 months of funding and complete the full deployment over the following 6 months.
Work is progressing on site due diligence, including completion of the Phase I Environmental Site Assessment and planning for the air permit. Conversations with potential customers continue, which may include the sale of powered land. Sharon AI, New Era Helium and PFES continue to evaluate CO2 capture technologies. The next project milestones are expected to include updates on natural gas supply and advancing grid interconnection planning.
Wolf Schubert, CEO of Sharon AI Inc., commented 'We are excited to announce TCDC's collaboration with PowerForward Energy Solutions, who bring considerable power experience to the project. We believe their ability to deliver substantial capacity over 12-18 months allows TCDC to offer a highly commercial solution to customers looking to deploy as soon as feasible.'
Will Gray, CEO of New Era Helium Inc., commented 'With the initial site now identified, and due diligence well underway, TCDC is positioned to execute on its planned power strategy for the behind-the-meter data center campus. Concurrently, TCDC is in negotiations to secure offtake from intrastate and interstate natural gas transmission lines located in close proximity to the property. We are excited about what we are building within Ector County and believe access to low-cost, reliable power is key to attracting top tier partners.'
Brian James and John Manning, Founders, PowerForward Energy Solutions, commented: 'We are at the forefront of a generational shift in how America produces and consumes power. As AI, cloud, and high-density computing reshape the industrial landscape, the demand for resilient, on-site generation is no longer optional – it is essential. PowerForward is proud to partner with TCDC to deliver the next chapter of power infrastructure: intelligent, integrated, and built for the future.'
About Sharon AI, Inc
Sharon AI, Inc., is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU Compute Infrastructure. Sharon AI has a hybrid operational model that sees it deploy in co-location data centers as well as developing data center projects. With the expected addition of NVIDIA H200's to the company's GPU fleet in 2025, Sharon AI will be able to offer a wide range of AI/HPC GPUs as a Service (GPUaaS), including NVIDIA H200, H100, L40S, A40, RTX3090 and AMD MI300X. For more information, visit: www.sharonai.com.
About New Era Helium, Inc.
New Era Helium, Inc. is an exploration and production platform unlocking the full value of its Permian Basin assets. The company controls over 137,000 acres in Southeast New Mexico and has over 1.5 billion cubic feet of proved and probable helium reserves sourced alongside natural gas production. Through its joint venture, TCDC, New Era Helium is capturing multi-sector growth across helium, power and data infrastructure. For more information, visit www.newerahelium.com. Follow New Era Helium on LinkedIn and X.
About PowerForward Energy Solutions
PowerForward Energy Solutions is dedicated to shaping a sustainable energy future through innovative power solutions. Formed as a strategic partnership between PROGEN INDUSTRIES and MBS ENGINEERING, the company's mission is to deliver comprehensive, turn-key power solutions that address the diverse needs of today's energy landscape. The company's combined expertise in engineering and industry-leading manufacturing allows it to provide custom solutions that enhance energy efficiency, reliability, and sustainability.
Forward Looking Statements:
This press release may contain forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believe,' 'estimate,' 'project,' 'anticipate,' 'expect,' 'seek,' 'predict,' 'continue,' 'possible,' 'intend,' 'may,' 'might,' 'will,' 'could,' would' or 'should' or, in each case, their negative, or other variations or comparable terminology. These forward looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our product candidates, commercialization objectives, prospects, strategies and the industry in which we operate. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
a day ago
- Business Upturn
The European Space Agency and Dassault Aviation paving the way for potential collaborations
PRESS RELEASE June 20, 2025 The European Space Agency and Dassault Aviation paving the way for potential collaborations ESA and Dassault Aviation have identified a mutual interest in developing a closer relationship to commonly foster technology development in areas such as LEO destinations and particularly around orbital vehicules. The European Space Agency (ESA) has signed a Letter of Intent (LoI) with Dassault Aviation, a French civilian and military aircraft manufacturer recognized worldwide for its excellence, underlying their common interest to develop a closer relationship. ESA, with its ambitious strategy for space exploration, Explore2040, is seeking innovative solutions for capabilities development to reach and return from Low Earth Orbit (LEO), Moon and Mars, and supports the advancement of selected critical enabling technologies to be used and demonstrated in particular in LEO, such as hypervelocity re-entry. Dassault Aviation, also a leader in aerospace engineering, is developing its space activities with a focus on the design of a reusable spaceplane based on lifting bodies shapes that bridge aeronautical and space technologies. Their interest in automated LEO platforms suitable for commercial and institutional markets, led them to develop a vehicle concept called ' Véhicule Orbital Réutilisable de Transport et d'Exploration (VORTEX) ', designed for research in space, transport of cargo to and from space stations, and a range of in-orbit services. This project is based on a considerable expertise in spaceplanes having participated in numerous programmes like Hermes, NASA X-38 Crew Rescue vehicle, ESA Intermediate eXperimental Vehicle (IXV) demonstrator, and Airborne Reusable Hypersonic Experimental Vehicle (VEHRA) concepts. ' Dassault Aviation's decades of expertise in aeronautical and space systems, perfectly position them to pioneer critical space technologies ', said Josef Aschbacher, Director General of the European Space Agency. ' With VORTEX, Dassault is contributing to strengthening European capacities and securing sovereign access to space in a strongly growing and competitive space sector. We look forward to combining our expertise and working hand-in-hand for a stronger Europe in space.' ' Our Vortex roadmap aims to strengthen Europe's essential sovereign capabilities and meet the new challenges of the space economy. This letter of intent is a perfect recognition of the complementary expertise of the European Space Agency and Dassault Aviation in the development of critical technologies and innovative space solutions, ' declared Eric Trappier, Chaiman and CEO of Dassault Aviation. As such, the signatories of the LoI, have identified a mutual interest in developing a closer relationship with the potential to commonly derisking critical technologies as well as to further explore the potential for collaboration in areas such as LEO destinations and particularly around orbital vehicules. As such, both foresee an interest to cooperate on a scaled down suborbital version of VORTEX, serving as a testbed, with a focus on, but not limited to: Designing, testing and qualifying key technologies and components. New materials and integration processes. Assessing the feasibility to include future payloads in case of the integration of a dedicated bay on the end-product. This joint work will be based on exchanging relevant information and conducting studies or preparatory activities, to help establish respective roles and responsibilities in the realisation of potential joint activities, leveraging on each side's capabilities. ' Europe benefits from a wide range of diverse and complementary skills. Enlarging the European industrial base is key for new opportunities arising in Space Exploration, aiming at more autonomy,' said Daniel Neuenschwander, Director of Human and Robotic Exploration at ESA. About the European Space Agency The European Space Agency (ESA) provides Europe's gateway to is an intergovernmental organisation, created in 1975, with the mission to shape the development of Europe's space capability and ensure that investment in space delivers benefits to the citizens of Europe and the world. ESA has 23 Member States: Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Spain, Sweden, Switzerland and the United Kingdom. Latvia, Lithuania and Slovakia are Associate Members. ESA has established formal cooperation with other four Member States of the EU. Canada takes part in some ESA programmes under a Cooperation Agreement. By coordinating the financial and intellectual resources of its members, ESA can undertake programmes and activities far beyond the scope of any single European country. It is working in particular with the EU on advancing the Galileo and Copernicus programmes as well as with Eumetsat for the development of meteorological missions. Learn more about ESA at
Business Wire
a day ago
- Business Wire
Boston Omaha Corporation Announces Date for 2025 Annual Meeting of Stockholders
OMAHA, Neb.--(BUSINESS WIRE)--Boston Omaha Corporation (NYSE: BOC) (the 'Company') announced today that the date of its 2025 Annual Meeting of Stockholders (the '2025 Annual Meeting') will be August 25, 2025. The meeting will be held at The Salvation Army Omaha Kroc Center – Joyce Mammel Assembly Hall, 2825 Y Street, Omaha, NE 68107. The formal portion of the 2025 Annual Meeting will commence at 10:00 a.m. Central Time and will be held in person with no remote streaming. As the 2025 Annual Meeting will be held within 30 days from the anniversary date of the Company's 2024 Annual Meeting, the deadlines set forth in the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission (the "SEC") on August 2, 2024 remain in effect for stockholder proposals and director nominations. If you plan to attend this year's meeting, please RSVP here at our event page: Boston Omaha's 2025 Annual Shareholder Meeting. About Boston Omaha Corporation Boston Omaha Corporation is a public holding company with four majority owned businesses engaged in outdoor advertising, broadband telecommunications services, surety insurance and asset management. Our investor relations website, services as a comprehensive resource for investors. We strongly encourage its use for easy access to information about the Company. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, corporate governance information, and select press releases, which may contain material information about us, and you may subscribe to be notified of new information posted to this site.
Chicago Tribune
3 days ago
- Chicago Tribune
Aurora considers giving $500,000 to VNA in support of newly-opened clinic
The city of Aurora is considering giving VNA Health Care $500,000 in support of its newly-opened clinic at the Bloomhaven campus on Aurora's near East Side. The current proposal, which is set to go before the Aurora City Council for final approval on Tuesday, would split the payment in half, distributing $250,000 this year and $250,000 next year. This year's amount is set to be paid from city interest earnings, and the funding source for next year's payment will be decided during the 2026 budget process, according to Aurora Chief Financial Officer Chris Minick. The funds are going to support the opening of VNA's new Primary Care Center at 323 Weston Ave., which offers primary care and pediatrics as well as urgent care, mental health care, outpatient physical therapy, podiatry, OB/GYN, vaccines, lab testing, nutrition counseling and more, with all services offered in both English and Spanish. The organization invested around $8 million in the clinic, and financial planning for the project included the $500,000 pledged by the city, according to a city staff report about the project included with a recent committee meeting agenda. Staff said in the report that the funds were pledged because of the 'nature and extent of the medical services provided by VNA to the Aurora population in general and specifically to the neighborhood surrounding the development.' Although the $500,000 was pledged by city administration last July and formally recognized through a letter signed by both former Mayor Richard Irvin and VNA CEO Linnea Windel, the agreement never went before the Aurora City Council for approval, nor was it included in the 2025 budget. VNA's agreement with Aurora was that, once the clinic was fully built-out and received a Certificate of Occupancy, the city would pay out the full $500,000, according to the signed letter. So, after the certificate was issued in April, VNA came to the city to ask for the funds. The proposal was then set to go through the process of getting Aurora City Council approval, which starts at one of the City Council's committees. But when Mayor John Laesch's incoming administration saw the item, which was planned to go before the Finance Committee on May 15, just two days after Laesch was inaugurated, they were confused about why it hadn't previously gone before City Council for approval, and they requested the item be held so more research could be done. That's what Aurora Chief of Staff Shannon Cameron told the Finance Committee on May 29, the first time the proposed $500,000 payment to VNA was publicly discussed by members of the Aurora City Council. An item like this one most likely should have gone before the Aurora City Council for approval when the agreement was made, she said at the time, and it seems like it was simply an oversight of the previous administration. In addition to the signed letter, there were also many emails from city officials pledging the funds to VNA, according to Cameron. 'While it is a bit of a legal gray area, whether we actually owe the funds, we are in support of the VNA and the work it does,' she said. 'We want to make good on this promise.' At various Aurora City Council committee meetings, Minick has said the funds were not included in the 2025 budget because of the timing of the agreement. The proposed payment was again held at the May 29 Finance Committee meeting after several aldermen questioned and discussed how this happened. Ald. Edward Bugg, 9th Ward, said it is a 'disservice to our citizens' when things come before the Aurora City Council for ratification after they've already happened. When this has happened in the past, departments were told this is 'not how we do business in the city of Aurora,' he said. Minick agreed with Bugg and said ratifications will be held 'to an absolute minimum' and be used only for emergencies. This is an early cautionary tale to the new administration, Cameron said, to make sure everything goes through the proper process. The item came back before the Finance Committee on June 12, this time with a proposed change by Minick: pay out half now and then half next year. VNA tentatively agreed to this change, according to the staff report. Ald. Ted Mesiacos, 3rd Ward, who chairs the Finance Committee, said Minick's proposal was 'very equitable.' Aldermen on the Finance Committee recommended for approval the amended proposal, with Bugg voting against. The Committee of the Whole, which sets the agenda of the upcoming Aurora City Council meeting, reviewed the proposal at its meeting Tuesday and decided to place the item on the 'unfinished business' portion of the June 24 Aurora City Council meeting agenda. That means the proposal will be discussed and voted on separately from other items, which is typically done if an item is particularly important or controversial.
