New Era Energy Signed Odessa Power Agreement
New Era Energy & Digital secured a 20-year power contract with Vistra Corp. to fuel a Texas data center project.
Updated on Sept. 21, 2026 in Data Centers
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New Era Energy & Digital has finalized a 20-year power purchase agreement with a Vistra Corp. affiliate to supply energy for a new data center. The deal utilizes an Odessa-based natural gas facility to provide a baseline of 200 MW of power.
Why it matters
The agreement serves as a critical de-risking milestone for the data center project by securing long-term, contracted energy resources. It also establishes a strategic partnership between the two companies as the facility scales toward its potential total capacity.
The agreement secures up to 207 MW of electricity with a baseline of 200 MW, sourced from an existing 1,180 MW natural gas facility. Vistra Corp. received a 5 percent non-voting equity interest in the data center power sector as part of the deal.
The players
New Era Energy & Digital
This energy and digital infrastructure company is developing a data center project in Ector County.
Vistra Corp.
This power generation and retail electricity company operates the natural gas facility in Odessa.
The details
The contract was signed between New Era subsidiary TCDC PowerCo LLC and Luminant ET Services Company LLC. Beyond the 20-year term, the agreement includes automatic one-year renewals and grants Vistra rights of first refusal on future project expansions.
Timeline
The agreement between the two firms was signed on September 18, 2026.
New Era Energy & Digital stock closed at $5.86 on September 20, 2026.
The company's stock price increased by up to 30 percent on September 21, 2026.
Power delivery to the data center is expected to begin in the third quarter of 2027.
The Tech Race
The deal signals a shift toward massive, site-specific power contracts necessary for the growth of high-density computing infrastructure. This move positions the project to scale toward its target 1.4 GW capacity by leveraging reliable, localized natural gas resources.
This agreement ensures that the planned Odessa facility has the necessary energy capacity to begin operations by the third quarter of 2027. Local stakeholders may observe continued industrial development in Ector County as the project moves toward its eventual 1.4 GW capacity.
The takeaway
Securing long-term energy contracts is a vital step for companies scaling large digital infrastructure projects to ensure future operational stability. Investors and observers should monitor how such partnerships influence the development timelines of utility-scale tech hubs.
Further reading
For additional context, visit the Data Centers section to learn more about the evolving power infrastructure requirements for modern facilities.
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