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Business Wire
04-06-2025
- Business
- Business Wire
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: 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 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.
Associated Press
29-01-2025
- Business
- Associated Press
NEO Battery Materials Provides Commercialization Update on Windsor Silicon Anode Manufacturing Plant
Initiated Due Diligence Through Phase I Environmental Site Assessment (ESA) Dragun Corporation Commissioned to Conduct ESA to Identify Potential Areas of Environmental Concern (AEC) Phase II ESA & Remedial Action To Be Undertaken When AECs Identified Discussions In Process to Select Potential Contractors and Construction Companies for Windsor Plant Windsor Silicon Anode Plant to Reduce Reliance on Imported Material, Encourage Canada's Battery Technology Innovation, and Support Region's Economic Development TORONTO, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Following the Windsor, Ontario, lease and investment announcement on January 24, 2025, NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce advancements in its commercialization efforts of Canada's first advanced silicon anode manufacturing facility. Site Due Diligence and Pre-Commercialization Activities Underway To ensure the site is suitable for development, NEO Battery Materials has initiated due diligence by commissioning a Phase I Environmental Site Assessment (ESA) for the 8-acre site located in the Windsor Airport South Industrial Park. Dragun Corporation, an experienced environmental consulting firm, is conducting this assessment, which will include a review of potential areas of environmental concern (AEC) within and adjacent to the site. Assessment components involve regulatory file reviews related to certain environmental permits, notifications, and enforcement actions as part of the Phase I ESA. If AECs are identified, a Phase II ESA may be undertaken to determine soil and/or groundwater impact, and subsequent remediations will be taken to achieve compliance with environmental laws and standards. In parallel, the Company is pre-qualifying potential contractors and construction companies for the project. Discussions are underway to select partners who can meet the technical, regulatory, and timeline requirements for the silicon anode plant construction. NEO remains committed to successfully completing the due diligence process and advancing construction preparations. Contractor selection and site progress updates will be provided as each activity is completed. Windsor: Home to Canada's First Silicon Anode Manufacturing Plant The Windsor plant will contribute to the Company's efforts to advance high-performance, sustainable battery materials technology for Canada and North America. The project includes establishing a manufacturing facility to produce 5,000 tons of silicon anode materials annually, with plans for value-added, battery-related projects. This initiative aims to reduce reliance on imported battery materials while supporting the region's economic development through job creation and investment. About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: On Behalf of the Board of Directors Spencer Huh Director, President, and CEO For Investor Relations, PR & More Information: [email protected] T: +1 (437) 451-7678 T: +1 (437) 451-7678 This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of advanced technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; the risks associated with entering into collaborations, joint ventures, or partnerships with battery cell manufacturers and OEMs; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean plant; fluctuations in input precursor prices; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel and financing; access to adequate infrastructure to support battery materials research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company's strategies and business plans; the risks associated with the Company's abilities to attain its goals and commercialization; the risks associated with the lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; the risks associated with the various environmental and political regulations the Company is subject to; the risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company's recent Financial Statements and MD&A and in recent securities filings for the Company which are available on Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued R&D and commercialization activities, no material adverse change in precursor prices, development and commercialization plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
