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Fermi America™ and the State of Texas Announce Preliminary Approval for First 6 GW of One of the World's Largest Clean Natural Gas Facilities on Project Matador's 11 GW Private HyperGrid™ Campus

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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) ha annunciato che la Texas Commission on Environmental Quality ha concesso una approvazione preliminare per 6 GW di energia pulita a gas naturale sul campus HyperGrid di 11 GW previsto da Project Matador nel Panhandle del Texas.

L'approvazione, soggetta a una riunione formale e al contributo del pubblico, consente a Fermi di collocare una delle più grandi strutture di gas naturale pulito al mondo, rimuovere 6 GW di domanda guidata dall'IA dalla rete pubblica e iniziare a installare generatori in viaggio con obiettivi operativi iniziali nel 2026. Fermi afferma che il campus integrerà energia solare, raffreddamento ibrido e rispetterà gli standard federali e statali sulla qualità dell'aria.

Fermi America (Nasdaq: FRMI) anunció que la Comisión de Calidad Ambiental de Texas concedió una aprobación preliminar para 6 GW de energía limpia con gas natural en el campus HyperGrid de 11 GW planificado por Project Matador en el Panhandle de Texas.

La aprobación, sujeta a una reunión formal y aportes del público, permite a Fermi ubicar una de las instalaciones de gas natural más limpias del mundo, eliminar del 6 GW de demanda impulsada por IA de la red pública y empezar a instalar generadores que están en camino con objetivos iniciales de puesta en marcha en 2026. Fermi afirma que el campus integrará energía solar, refrigeración híbrida y cumplirá con las normas federales y estatales de calidad del aire.

Fermi America (Nasdaq: FRMI)는 텍사스 주 환경 품질위원회가 프로젝트 매타도르(Project Matador)가 계획한 11 GW HyperGrid 캠퍼스에서 6 GW의 청정 천연가스 전력에 대해 예비 승인을 부여했다고 발표했습니다. 이는 텍사스 팬핸들에 위치합니다.

정식 회의 및 공개 의견 수렴에 따른 이 승인으로 Fermi는 세계에서 가장 큰 청정 천연가스 시설 중 하나를 부지할 수 있고, 공공 전력망에서 6 GW의 AI 주도 수요를 제거하며, 초기 온라인 목표가 있는 발송 중인 발전기를 설치하기 시작할 수 있습니다 2026년이 됩니다. Fermi는 캠퍼스가 태양광, 하이브리드 냉방을 통합하고 연방 및 주의 대기질 기준을 충족할 것이라고 말합니다.

Fermi America (Nasdaq: FRMI) a annoncé que la commission texane pour la qualité de l'environnement a accordé une approbation préliminaire pour 6 GW d'électricité propre au gaz naturel sur le campus HyperGrid de 11 GW prévu par Project Matador dans le Panhandle du Texas.

L'approbation, sous réserve d'une réunion formelle et de contributions publiques, permet à Fermi de situer l'une des plus grandes installations de gaz naturel propres au monde, de retirer 6 GW de demande alimentée par l'IA du réseau public et de commencer à installer des générateurs en transit avec des objectifs opérationnels initiaux en 2026. Fermi affirme que le campus intégrera l'énergie solaire, le refroidissement hybride et respectera les normes fédérales et étatiques de qualité de l'air.

Fermi America (Nasdaq: FRMI) gab bekannt, dass die Texas Commission on Environmental Quality eine vorläufige Genehmigung für 6 GW saubere Erdgasanlage auf dem geplanten 11 GW HyperGrid Campus von Project Matador im texanischen Panhandle erteilt hat.

Die Genehmigung, vorbehaltlich einer formellen Sitzung und öffentlicher Anhörung, ermöglicht es Fermi, eine der weltweit größten sauberen Erdgasanlagen zu errichten, 6 GW an KI-gesteuerter Nachfrage aus dem öffentlichen Netz zu entfernen und damit zu beginnen, Generatoren zu installieren, die sich auf dem Weg befinden, mit ersten Online-Zielen im 2026. Fermi erklärt, dass der Campus Solarenergie, Hybridkühlung integriert und die bundesweiten und landesweiten Luftqualitätsstandards erfüllen wird.

Fermi America (Nasdaq: FRMI) أعلنت أن لجنة جودة البيئة في تكساس منحت الموافقة الأولية لـ6 جيغاواط من الطاقة النظيفة بالغاز الطبيعي في حرم HyperGrid بقدرة 11 جيغاواط الذي يخططه مشروع ماتادور في باينهاندل بتكساس.

وتخضع الموافقة، شرط اجتماع رسمي وتلقي آراء الجمهور، لتمكين فِرمي من إقامة واحد من أكبر مرافق الغاز الطبيعي النظيف في العالم، وإزالة 6 GW من الطلب المعزز بالذكاء الاصطناعي من الشبكة العامة، وبدء تركيب مولدات في الطريق مع أهداف تشغيل ابتدائية في 2026. وتقول فِرمي إن الحرم سيُدمج الطاقة الشمسية، والتبريد الهجين، وسيلتزم بمعايير جودة الهواء الفدرالية والولائية.

Positive
  • Preliminary approval for 6 GW of power
  • Project Matador planned as an 11 GW private HyperGrid campus
  • Initial gas generators expected online in 2026
  • Removal of 6 GW peak demand from the public grid
Negative
  • TCEQ approval is preliminary and subject to formal meeting
  • Approval requires ongoing public input before final permits

Insights

Preliminary TCEQ approval for 6 GW advances Project Matador materially but remains conditional and subject to public process.

Fermi America's Project Matador gains a regulatory step that allows construction and commissioning of the first 6 GW of generation capacity, reducing public‑grid load as the campus builds toward 11 GW. The approval positions the private HyperGrid model to supply dedicated power for high‑density compute while integrating planned solar and hybrid cooling to limit emissions and water use.

The approval is explicitly preliminary and contingent on a formal TCEQ meeting and public input, so timelines and final permit conditions may change. The announcement cites equipment en route and an expected online date in 2026, which is a concrete near‑term milestone to track. Key risks include final permit terms from the public process, permit conditions that could affect operating profiles, and any operational constraints the final permit imposes.

Watch for the TCEQ final decision after the public comment period and any attached emissions or monitoring requirements, expected before commercial commissioning in 2026. Also monitor disclosed installation and commissioning updates, and any material changes to the announced fuel mix or grid‑draw assumptions that could alter the project's stated grid‑relief effects.

  • Texas Leading the Way as the Texas Commission on Environmental Quality (TCEQ) Grants Preliminary Approval of Fermi America's Clean Air Permit, Relieving Consumers Nationwide from Shouldering Voracious Power Needs of Artificial Intelligence (AI)
  • Permitting the First 6 GW of an 11 GW Campus will Clear the Path for Fermi America to Build One of the Largest Clean Natural Gas Projects in the World
  • 6 GW of Clean Energy, Enough to Power New York City, to Be Removed from Public Grid Demand, Empowering National Security While Protecting American Pocketbooks
  • Fermi Site is the Go-To for Companies Seeking to Protect Consumers from Rising Utility Costs, While Ensuring Low Emissions

AMARILLO, Texas, Nov. 4, 2025 /PRNewswire/ -- Fermi America™ (Nasdaq: FRMI) in partnership with the Texas Tech University System, announced the Texas Commission on Environmental Quality (TCEQ)'s preliminary approval of 6 GW of clean natural gas-based power generation, of the projected 11 GW campus, which will make Project Matador one of the largest clean natural gas power generation facilities in the world.

The approval — subject to a formal meeting and ongoing process for public input — places Texas at the forefront of a historic shift in how America powers the future of AI, answering President Donald Trump's call for energy and AI dominance, and Texas Governor Greg Abbott's charge to ensure national security, while not burdening consumers with higher utility prices. 

Understanding that the United States faces an energy arms race for the computing power that defines global leadership in defense, data, and AI, Fermi America is building its Panhandle private grid campus in real time.  

Fermi's, the federal government's, and Texas's collaborative sense of urgency is not about powering apps on smartphones, e-commerce websites, and robotics, but because America's entire infrastructure, including law enforcement, military operations, banking and finance networks, communication, transportation, education, healthcare, and energy grids, all rely on cloud computing power. 

"The era of burdensome permitting processes stalling critical infrastructure is over," stated Texas Tech University System Board of Regents Chairman Cody Campbell. "Project Matador aligns directly with President Donald J. Trump's Executive Orders on energy security and AI leadership. This creates an unprecedented opportunity for public and private sectors to work together to strengthen the grid, protect taxpayers, and secure America's AI future—without delay. With Governor Abbott's leadership and TCEQ's accelerated work on next-generation power and responsible, timely regulation, while ensuring low-emission projects, Texas is once again leading the way."

Co-Founder of Fermi America and former U.S. Secretary of Energy Rick Perry, emphasized, "Energy independence is not just an economic issue — it's a matter of national security. President Trump and Governor Abbott are men of action, and they expect the private sector to provide answers, not power points. At Fermi, we are proud to be building this campus in real time to meet the needs of the country."   

As Fermi America's clean natural gas project comes online, 6 GW of power demand will not have to be drawn from the U.S. grid — enough energy, on average, to power New York City. Instead, Fermi will utilize minimal grid power as it ramps up in the coming months, until the initial gas generators, which are already en route to the campus, are installed and online in 2026. The entire premise behind the 11 GW private HyperGrid campus being built on clean natural gas, nuclear, solar, and battery power is that the nation's grid cannot grow fast enough to keep pace with the AI race, nor should consumers be expected to foot the bill through rising utility rates to support the most successful companies in the world.  

"Hardworking Americans are tired of watching electricity costs rise while the grid ages," added Toby Neugebauer, CEO and Co-Founder of Fermi America. "At Fermi, our private grid model ensures that the growing demand for AI is met privately — freeing up power on the public utilities to serve homes, schools, hospitals, and small businesses as intended. Together with our partners, we're building one of the cleanest, most efficient power fleets in the world, driven by American innovation — without asking taxpayers to foot the energy bill for the world's largest, highest-margin companies."   

Fermi America plans to integrate zero emissions solar into its power supply plan and utilize the latest technology and hybrid cooling systems, ensuring protection of air quality and water conservation. Additionally, Fermi's air quality analysis shows that the project meets all federal and state air quality, odor and health effect standards, ensuring that air quality is protective of all Carson County residents. 

For media inquiries, please contact:    
Lexi Swearingen    
Media@FermiAmerica.com    

About Fermi America     

Fermi America ™ (Nasdaq: FRMI) (https://fermiamerica.com/) is pioneering the development of next-generation electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry, and Co-founder and former Co-Managing Partner of Quantum Energy, Toby Neugebauer, Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, next-gen private grid. The behind-the-meter campus is expected to integrate one of the largest nuclear power complexes in America, the nation's biggest combined-cycle natural gas project, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.    

About the Texas Tech University System     
Established in 1996, the Texas Tech University System is one of the top public university systems in the nation, consisting of five universities – Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso and Midwestern State University.  

Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 64,000 students, more than 400,000 alums, a statewide economic impact of $19.2 billion and an endowment valued at $3 billion. In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating at 20 academic locations in 16 cities (15 in Texas, 1 international).     

In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education among other academic areas.     

Forward-looking Statements   
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue" or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks.   

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SOURCE Fermi America

FAQ

What did Fermi America (FRMI) announce on November 4, 2025?

Fermi America announced TCEQ preliminary approval for 6 GW of clean natural gas capacity on its 11 GW Project Matador campus.

How much power will the approved 6 GW from FRMI supply and why does it matter?

The 6 GW approved capacity is cited as enough energy, on average, to power New York City and frees public-grid power for homes and services.

When does Fermi America expect the initial generators for FRMI to be online?

Fermi America states the initial gas generators are en route and targeted to be installed and online in 2026.

Is the TCEQ permit for FRMI final and usable immediately?

No. The TCEQ action is a preliminary approval that remains subject to a formal meeting and public input before final permits.

Where is Project Matador and what power sources will FRMI use?

Project Matador is in the Texas Panhandle and Fermi plans to use clean natural gas plus solar, batteries, and hybrid cooling technologies.
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