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.

Insights

Energy infrastructure strategist

157.5MW lease of GE TM2500 units secures fast, dispatchable capacity for Project Matador's initial tranche.

Fermi America's long-term capital lease for seven GE TM2500 turbines (total 157.5 MW) directly supports the first 500 MW of generation capacity for the HyperGrid™ campus. The units deliver flexible, dispatchable natural‑gas capacity useful for short‑term balancing while other assets scale.

Key dependencies include on‑time delivery in the fourth quarter of 2025 and commercial operation in early 2026, plus successful integration with Fermi's planned mix of nuclear, solar and battery storage. Operational reliability and contract terms over the 20-year lease will determine long-term asset value.

Watch delivery milestones in Q4 2025 and commercial commissioning in early 2026 as near-term triggers; over 12–24 months assess how these units pair with planned storage and larger capacity buildouts.

Power markets analyst

This agreement adds fast-start firming capacity to meet projected AI-driven demand on an 11GW private grid.

The capital lease establishes a 20‑year operational relationship with Mobile Power Solutions and brings 157.5 MW of nameplate TM2500 capacity to the grid, improving dispatchability for ramping and reliability ahead of broader generation coming online.

Risks hinge on schedule adherence (delivery Q4 2025, operations early 2026) and the commercial terms of the lease, which will affect running costs and long-term economics. Monitor unit availability, heat rate performance, and any stated fuel or O&M cost responsibilities.

Near-term items to track: confirmation of Q4 2025 deliveries, successful commissioning early 2026, and any follow-on orders noted under the strategic partnership within the next 6–24 months.

• 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

AMARILLO, Texas, Oct. 30, 2025 /PRNewswire/ -- Fermi America™ (Nasdaq: FRMI), in partnership with the Texas Tech University System, has entered a long-term capital lease agreement with Mobile Power Solutions (MPS) for seven GE TM2500 gas turbines, totaling 157.5 megawatts (MW) of nameplate capacity. These fast-deploying, high-efficiency, versatile turbines expand Fermi's natural gas platform — a cornerstone of Project Matador, the world's largest 11GW private HyperGrid™ campus. 

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 U.S. energy security. As part of the agreement, Fermi and MPS intend to collaborate on future acquisitions of additional TM2500 units. 

"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 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.  

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 

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 October 30, 2025 regarding new turbines?

Fermi announced a 20-year capital lease with Mobile Power Solutions for seven GE TM2500 turbines totaling 157.5 MW.

When will the GE TM2500 turbines for FRMI be delivered and go online?

The turbines are scheduled for delivery in Q4 2025 and to enter commercial operation in early 2026.

How does the FRMI agreement affect Project Matador's capacity plans?

The units form part of the initial 500 MW of generation capacity for Project Matador and add fast, dispatchable power.

What is the term of the Fermi America and Mobile Power Solutions agreement (FRMI)?

The companies signed a 20-year capital lease and intend to collaborate on future TM2500 acquisitions.

How much capacity does each GE TM2500 contribute to FRMI's fleet?

Seven TM2500 units together provide 157.5 MW of nameplate capacity.