- Slice of Energy
- Posts
- Sharon AI and New Era Helium Announce Joint Venture for Net-Zero Data Center
Sharon AI and New Era Helium Announce Joint Venture for Net-Zero Data Center
Slice of Energy Team
November 18, 2024
Key Highlights:
Sharon AI and New Era Helium to form a 50/50 joint venture for a 90MW data center in the Permian Basin.
The net-zero energy power plant will utilize carbon capture to qualify for 45Q tax credits.
Sharon AI will lead Tier 3 liquid-cooled data center design and operations, collaborating with Nvidia and Lenovo.
New Era Helium will provide energy infrastructure, including a gas supply agreement for 5+ years.
The JV aims for future expansion, targeting hyperscalers and large energy users.
Source: Business Wire
Notable Quotes:
"We are very excited to be building Tier 3 direct-to-chip liquid cooling data centers in the U.S. with our partners at New Era Helium, who bring considerable energy infrastructure experience to the joint venture."
"This JV allows us to take our dry natural gas by-product and monetize it into power, realizing a much higher net price. Additionally, we are enthusiastic to partner with the Sharon AI team as they have a proven track record in the development of high compute data centers."
"We see this as a new revenue, profit, and growth stream for New Era Helium to use its large natural gas reserves to provide a reliable, consistent power energy source to the rapidly expanding AI Datacenter market."
Our Take:
This partnership between Sharon AI and New Era Helium is a groundbreaking move, blending high-performance computing with sustainable energy infrastructure. The focus on net-zero energy operations and carbon capture highlights the companies' commitment to sustainability while positioning themselves at the forefront of the AI and cloud computing revolution. By leveraging Sharon AI’s expertise in data center operations and New Era Helium’s energy resources, the venture could redefine standards for data center efficiency and environmental impact. Future scalability and partnerships with hyperscalers signal the potential for long-term growth in this sector.