Core Viewpoint - Fermi America has signed a definitive Electric Service Agreement (ESA) with Southwestern Public Service Company (SPS) to provide up to 200 megawatts (MW) of electrical capacity for its Project Matador Campus, which is crucial for supporting large-scale artificial intelligence and computing operations [1][3]. Group 1: Agreement Details - The ESA stipulates that SPS will begin delivering 86 MW of electrical capacity in January 2026, with plans to ramp up to 200 MW [1]. - The electricity will be supplied through SPS's high-voltage 115-kilovolt transmission system, ensuring reliable service [3]. Group 2: Company Statements - Larry Kellerman, Chief Power Officer of Fermi America, emphasized the importance of this agreement in transforming intent into execution, highlighting the strong support from Xcel Energy [2]. - Toby Neugebauer, Co-founder and CEO of Fermi America, noted that the partnership with Xcel Energy demonstrates the feasibility of developing reliable, large-scale energy for artificial intelligence on time and within budget [2]. Group 3: Company Background - Fermi America is focused on developing next-generation private electric grids that deliver highly redundant power at gigawatt scale, essential for artificial intelligence applications [5]. - The Project Matador Campus is expected to integrate various energy sources, including a significant combined-cycle natural gas project, a large nuclear power complex, utility grid power, solar power, and battery energy storage [5].