Core Insights - Fermi America has signed a $150 million Advance in Aid of Construction Agreement with its first prospective client, marking a significant step in its operational strategy [1] - The company is focused on developing next-generation private electric grids capable of delivering gigawatt-scale power, essential for advancing artificial intelligence technologies [2] Company Overview - Fermi America, co-founded by former U.S. Energy Secretary Rick Perry and Toby Neugebauer, aims to create the world's largest 11 GW next-gen private grid [2] - The Project Matador campus will integrate various energy sources, including a major combined-cycle natural gas project, a large nuclear power complex, utility grid power, solar energy, and battery storage [2] Recent Developments - Fermi America has installed over 2 miles of water pipe, which constitutes 40% of the total right-of-way line for its projects [1] - The company is set to host its inaugural earnings call on November 11, 2025, coinciding with Veterans Day [4] - Preliminary approval has been granted for the first 6 GW of one of the world's largest clean natural gas facilities as part of the Project Matador's 11 GW Private HyperGrid campus [4]
Fermi America™ Announces Execution of an Advance in Aid of Construction Agreement for $150 Million with its First Prospective Client