By @proactive_x
Publication Date: 2025-11-15 08:21:00
Will Gray, CEO of New Era Energy & Digital (NASDAQ:NEHC), spoke with Proactive about the company’s continued transformation from a helium and natural gas operator to an AI infrastructure-focused company.
Gray explained how the company’s third-quarter financials reflect forward-looking investments, with significant funding going toward the construction of Shell’s self-powered data centers in Odessa, Texas.
He explained that this type of infrastructure requires intensive planning and large capital, with construction costs ranging from $8 million to $12 million per megawatt.
The CEO also confirmed that several discussions with potential tenants were underway, but emphasized the scope and complexity of the related due diligence. The financing will come through institutional refinancing and asset-level refinancing, not just equity offerings, a structure that Gray says will limit shareholder dilution.
He emphasized that New Era’s approach and location in West Texas have attracted the attention of top-tier financial institutions…
