New Era Energy & Digital (NASDAQ:NUAI) has announced the appointment of Ted Warner as its chief financial officer, bringing a capital markets executive with nearly two decades of experience in energy, power, and digital infrastructure to its leadership team.
Warner has held roles spanning investment banking and executive leadership. Most recently, he led Northland Capital Markets’ Energy, Power and Digital Infrastructure practice. According to the company, since 2023, Northland has structured and sole managed more than $7 billion in financing solutions for large-scale data center development.
He has also participated in financing and advisory transactions related to high-performance computing infrastructure. Earlier in his career, Warner focused on capital markets and advisory work in upstream oil and gas and oilfield services, and he served as CFO of a private equity-backed oilfield services company based in Dallas.
Warner holds Series 7, 79, and 63 licenses, a Bachelor of Arts degree from the University of Michigan, Ann Arbor, and an MBA from the Carlson School of Management at the University of Minnesota.
E. Will Gray II, New Era CEO, said Warner’s experience structuring financing solutions for large-scale infrastructure projects aligns with the company’s strategy, including its development of Texas Critical Data Centers.
“Ted brings deep capital markets expertise and a strong track record structuring financing solutions for large-scale infrastructure development,” Gray said.
“We are excited to welcome Ted to the team and believe his relationships and execution capabilities will be instrumental as we pursue the capital partnerships needed to scale our platform.”
In connection with his appointment, the company’s compensation committee approved inducement equity awards consisting of time-vesting restricted stock units (RSUs) covering approximately 0.6 million shares of common stock and performance-vesting restricted stock units (PSUs) covering approximately 1.2 million shares.
The RSUs vest monthly over a four-year period, contingent on continued employment. The PSUs are tied to performance criteria during the period from January 1, 2026, through December 31, 2030, and also include time-based vesting conditions over four years.
The PSU awards include components tied to entering into a commercial agreement with a hyperscaler, achieving financial closing related to a project in Ector County, Texas, reaching commercial operation and a specified stock price threshold, and completing a credit facility with a financial institution by June 30, 2026.
Shares of New Era were up around 4.5% on Tuesday morning.