Fermi America™ Secures Agreement with Mobile Power Solutions for 157.5 MW of GE TM2500 Turbines -- Securing Even More Power for the World's Largest 11GW Private Energy Grid
Rhea-AI Summary
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.
Positive
- 157.5 MW secured via seven GE TM2500 turbines
- 20-year capital lease establishes long-term partnership with MPS
- Delivery in Q4 2025 with commercial operation early 2026
- Supports first 500 MW tranche of Project Matador's generation capacity
Negative
- None.
News Market Reaction
On the day this news was published, FRMI declined 4.60%, reflecting a moderate negative market reaction. Argus tracked a peak move of +12.6% during that session. Argus tracked a trough of -4.1% from its starting point during tracking. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $865M from the company's valuation, bringing the market cap to $17.94B at that time.
Data tracked by StockTitan Argus on the day of publication.
- Agreement Supports Project Matador's First 500 MW of Generation Capacity, Scheduled to be Online in 2026
- Establishes a 20-year Strategic Partnership Between Fermi America and Mobile Power Solutions, Advancing America's Energy Renaissance
- Helps Ensure America's Largest Private Grid Campus Can Deliver Fast, Firm, and Reliable Power in 2026 to Meet Growing AI Demand
The TM2500 units will bring flexible, dispatchable power online as Fermi delivers on its mission to secure American energy and AI dominance by integrating natural gas, nuclear, solar, and battery storage at scale.
The turbines will be delivered in the fourth quarter of 2025, entering commercial operation in early 2026 as part of Fermi's first 500 MW of generation capacity. A critical part of Fermi's initial tranche of power, the TM2500's will remain long-term as part of the strategic assets supporting Fermi's aggressive growth goals to keep pace with the country's AI demand.
"Inking yet one more power agreement this week signals our firm commitment and proves our capability to deliver on promises made," said Toby Neugebauer, Co-founder & CEO of Fermi America. "The country will soon realize what we've been saying all year – America is at war over who will control the future of information and intelligence. We join President Trump in taking the threat very seriously which drives us to work as hard as any other team out there, daily taking the appropriate actions to position America for the win."
The 20-year capital lease marks the beginning of a long-term partnership between Fermi America and Mobile Power Solutions, built on a shared commitment to efficiency, reliability, and
"Our partnership with Fermi means bringing the grid where and when it's needed with our reliable, efficient and fast track power solutions, putting real power in motion," said Juan Pablo Elias, CEO of Mobile Power Solutions. "The TM2500 is proven, reliable, and ready to go — perfectly aligned with Fermi's vision of fast, flexible energy that keeps America running strong."
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
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.
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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.
About Mobile Power Solutions
Mobile Power Solutions ("MPS") is dedicated to providing specialized, fast, mobile power generation solutions. We deliver reliable and efficient power generation for a wide range of temporary and/or permanent applications in which speed and flexibility are required. MPS leverages its expertise, fast-track solutions and a customer-centric approach to meet the growing demand for flexible and portable energy when and where it is needed through its highly versatile, efficient and reliable fleet of equipment.
Forward-looking Statements
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SOURCE Fermi America
FAQ
What did Fermi America (FRMI) announce on October 30, 2025 regarding new turbines?
When will the GE TM2500 turbines for FRMI be delivered and go online?
How does the FRMI agreement affect Project Matador's capacity plans?
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