Welcome to our dedicated page for Fermi news (Ticker: FRMI), a resource for investors and traders seeking the latest updates and insights on Fermi stock.
Fermi Inc. (d/b/a Fermi America) (FRMI) appears frequently in news coverage related to large-scale energy development and artificial intelligence infrastructure. The company describes itself as pioneering next-generation private electric grids that deliver highly redundant power at gigawatt scale, centered on its 11 GW Project Matador campus in the Texas Panhandle.
News about FRMI often focuses on agreements that advance the build-out of Project Matador. Recent announcements include an Electric Service Agreement with Southwestern Public Service Company, a subsidiary of Xcel Energy, to provide up to 200 megawatts of electrical capacity to the campus, and a long-term capital lease with Mobile Power Solutions for GE TM2500 gas turbines to support the first 500 megawatts of generation capacity. These items highlight how Fermi America is assembling power supply and generation assets for its private grid campus.
Coverage also emphasizes environmental and community aspects. The company has announced a non-binding Memorandum of Understanding with MVM EGI to develop hybrid dry–wet cooling towers that prioritize air-based cooling and closed-loop water circulation, with the stated goal of conserving regional water resources. Additional news details agreements with the City of Amarillo and Carson County involving water supply, tax abatement, and a reinvestment zone linked to the 11 GW private grid campus.
Investors and observers following FRMI news can expect updates on regulatory milestones, such as preliminary approval from the Texas Commission on Environmental Quality for natural gas-based power generation, as well as shareholder communications like quarterly letters and earnings call information. This news stream provides context on how Fermi America is progressing with its private grid model for AI-related power demand and its interactions with partners, regulators, and local stakeholders.
Fermi America (NASDAQ:FRMI) signed a definitive Electric Service Agreement with Southwestern Public Service Company, a subsidiary of Xcel Energy (NASDAQ:XEL), to secure up to 200 MW of electrical capacity for Fermi's 11 GW Project Matador Campus in Amarillo.
Under the ESA SPS will begin delivering 86 MW in January 2026, with deliveries ramping to 200 MW over time via SPS's 115-kilovolt transmission system to support large-scale AI and computing operations.
Fermi America (Nasdaq: FRMI) signed a non-binding MOU with MVM EGI to engineer hybrid dry–wet cooling towers for its 11-gigawatt private energy grid campus, Project Matador.
The collaboration covers preliminary engineering and feasibility studies for indirect hybrid towers to support 6 GW of combined-cycle gas generation and four AP1000 nuclear units, with construction of the first tower scheduled for January 2026 and full cooling system completion targeted by 2034. The design prioritizes air-based, closed-loop circulation, evaluation of recycled/reclaimed water, underground reservoirs, and solar-covered retention ponds to reduce evaporative loss and protect the Ogallala Aquifer.
Fermi America (Nasdaq: FRMI, LSE: FRMI) confirmed on Nov 25, 2025 that it is in discussions for $4+ billion in project financing to support its first tenant. The company said the financing is expected to be non-recourse and structured through a special purpose vehicle (SPV).
The announcement frames the financing as project-level funding under discussion rather than a completed agreement; media contact provided for follow-up.
Fermi America (Nasdaq: FRMI) published its third quarter 2025 shareholder letter and announced an audio webcast and conference call to discuss Q3 results, forward-looking guidance, and a business update. The webcast is scheduled for tomorrow at 8:00 am CT / 9:00 am ET, with registration, replay and transcript available on the company investor relations website.
The company said it will furnish its Form 10-Q as Exhibit 99.1 to a Current Report on Form 8-K before the November 14, 2025 deadline. Disclosure channels listed include the investor site, X, Facebook and LinkedIn.
Fermi America (Nasdaq: FRMI) announced on Nov 6, 2025 that it executed an Advance in Aid of Construction Agreement (AIAC) for $150 million with its first prospective client in Amarillo, Texas. The agreement represents a secured capital commitment tied to a specific client project and marks the company’s first disclosed AIAC.
Fermi (Nasdaq: FRMI) will release its financial results for the third quarter ended September 30, 2025, on Veterans Day — Tuesday, November 11, 2025, and will host a live webcast and conference call at 9:00 AM ET.
Management participants include Toby Neugebauer (CEO), Miles Everson (CFO) and Rodrigo Acuna (Investor Relations). Investor materials, a shareholder letter, presentation slides and a replay will be posted at https://investors.fermiamerica.com. Live webcast and preregistration are available at https://www.webcaster5.com/Webcast/Page/3144/53163, with U.S. toll-free dial-in (888) 506-0062 and international +1 973 528 0011 (access code 606769).
Fermi America (Nasdaq: FRMI) announced that the Texas Commission on Environmental Quality granted preliminary approval for 6 GW of clean natural gas power on Project Matador's planned 11 GW HyperGrid campus in the Texas Panhandle.
The approval, subject to a formal meeting and public input, enables Fermi to site one of the world’s largest clean natural gas facilities, remove 6 GW of AI-driven demand from the public grid, and begin installing generators that are en route with initial online targets in 2026. Fermi says the campus will integrate solar, hybrid cooling, and meet federal and state air quality standards.
Fermi America (Nasdaq: FRMI) entered a 20-year capital lease with Mobile Power Solutions for seven GE TM2500 gas turbines totaling 157.5 MW of nameplate capacity to support Project Matador's initial 500 MW of generation. The turbines will be delivered in Q4 2025 and enter commercial operation in early 2026, forming part of the HyperGrid campus' fast, dispatchable power stack alongside nuclear, solar, and battery storage.
The agreement establishes a long-term strategic partnership and contemplates collaboration on future TM2500 acquisitions to help meet rising AI-driven power demand on the 11 GW private grid.
Fermi America (Nasdaq: FRMI) announced partnerships with the City of Amarillo and Carson County to support an 11GW private energy campus in the Texas Panhandle.
Key terms include a 10-year tax abatement and reinvestment zone approved by Carson County, a 20-year water agreement with Amarillo to supply up to 2.5 MGD at a rate set at 2x Amarillo taxpayers, company-funded infrastructure, and a non-binding MoU to scale to 10 MGD in future phases. The project includes collaboration with the Texas Tech University System and emphasizes local jobs, investment, and regional economic diversification.
Highland Global Allocation Fund (NYSE: HGLB) named Scott Johnson as a portfolio manager effective October 7, 2025, joining existing manager James Dondero.
On October 1, 2025 the Fund's net asset value rose 18.86% ($2.24), driven primarily by an investment in a data center REIT that converted from convertible preferred to common stock and listed on Nasdaq under ticker FRMI. The position was not large by weight but had an outsized impact on NAV following the IPO. The Fund will continue to follow its stated investment objective and strategies.
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