New Era Energy & Digital jumps 30% after signing 20-year power deal with Vistra

New Era Energy & Digital (NASDAQ: NUAI) saw its stock rocket as much as 30% on September 21 after announcing a 20-year power purchase agreement with a Vistra Corp. affiliate that locks in up to 207 MW of electricity for its planned Texas data center. The stock had closed at $5.86 the prior session. The deal, signed on September 18 between New Era’s subsidiary TCDC PowerCo LLC and Luminant ET Services Company LLC, is the kind of foundational contract that transforms a data center project from a pitch deck into something closer to reality. Power delivery is expected to begin in the third quarter of 2027. What the deal actually looks like The PPA guarantees a baseline supply of 200 MW, with potential availability stretching to 207 MW. That electricity will come from Vistra’s 1,180 MW natural gas combustion facility in Odessa, Texas, which sits conveniently close to the planned Texas Critical Data Center site in Ector County. The agreement runs for 20 years with automatic one-year renewals after that. As part of the broader framework agreement, Vistra receives a 5% non-voting equity interest in the powered sector of the data center once it becomes operational. Vistra also secured r...