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., operating as Fermi America, develops private electric grids and site infrastructure for AI compute and high-performance computing customers. Its Project Matador campus is described as a gigawatt-scale private power platform combining private generation, grid power, powered shell buildings, substations, distribution networks, water and cooling systems, and related infrastructure.
Company news commonly covers Project Matador development, equipment and power infrastructure financing, potential tenant and partner activity, earnings releases, and governance matters. Recent updates also address board composition, executive leadership changes, shareholder solicitations, and strategic-plan disputes tied to the company's transition from startup-stage development toward a larger infrastructure enterprise.
Fermi America (NASDAQ: FRMI) showcased Project Matador at NRC RIC 2026, positioning it as the nation's most advanced nuclear build.
Key facts: the project's combined operating license application is the only large LWR COLA accepted by the NRC in more than 15 years; partners include Westinghouse, Hyundai E&C, and Doosan Enerbility; Project Matador targets 4.4 GW of AP1000 nuclear and an 11 GW behind-the-meter campus with a proposed groundbreak on July 4, 2026.
Fermi America (NASDAQ:FRMI) received final Texas Clean Air Permit for 6 GW of clean natural gas generation at its 11 GW Project Matador campus on Feb 25, 2026. The permit confirms compliance with state and federal emissions standards and clears the way for vertical construction and mobilization of secured generation assets.
The company says it has over 2 GW of long lead-time gas assets and six Siemens SGT-800 turbines ready for deployment to Amarillo as it advances tenant negotiations and final project financing.
Fermi America (NASDAQ: FRMI) will host a live webcast and conference call on March 30, 2026 at 9:00 AM ET to present fourth quarter and full year 2025 financial and operational results.
The call will cover Project Matador progress, the company's path to scale, and include a live Q&A; investor materials and a replay will follow on the investor website. Fermi America will also file its Form 10-K for 2025 with the SEC.
Fermi America (NASDAQ: FRMI) secured over $100 million in committed equipment financing from a Keystone National Group private debt fund as part of a larger $200 million facility arranged by Cape Commercial Finance, expected to be drawn in 2026.
The proceeds will fund long-lead high-voltage breakers, transformers, substations and switchgear to accelerate delivery of the first 2.3GW of Project Matador’s planned 11GW private HyperGrid campus and complements a prior $500 million turbine warehouse from MUFG.
Fermi America (Nasdaq: FRMI) deepened its strategic partnership with Hyundai E&C to advance Project Matador, an 11 GW private energy campus near Amarillo, Texas. Ongoing FEED work supports planning for four AP1000 units and site, cooling, cost, and schedule development.
The company participated in Hyundai E&C's Feb. 10, 2026 Large-Scale Nuclear Technology Seminar to engage U.S. contractors, strengthen the nuclear supply chain, and boost workforce readiness toward a potential EPC pathway.
Fermi America (Nasdaq: FRMI) secured a $500 million non‑recourse equipment loan from MUFG on Feb 10, 2026 to fund acquisition of three Siemens Energy SGT6‑5000F gas turbines and support delivery of the first 2.3 GW toward an 11 GW private energy campus.
Proceeds will buy turbines, repay a pre‑existing loan, and fund construction and deployment; turbine deliveries begin as early as 1H 2026. The facility is structured to repeat for future gigawatt‑scale equipment purchases and to enhance readiness for project‑level financing.
Fermi America (Nasdaq: FRMI) announced arrival of six Siemens Energy SGT-800 gas turbines and generators for Project Matador, marking a milestone toward the campus's first gigawatt of power. These units will supply roughly one-third of the initial 1 GW capacity and arrived via seven vessels from four countries.
Heavy‑lift logistics included a 160+ ton crane, 36 oversized/heavy lifts, and over 400 specialized container chassis semi‑truck loads to move equipment from Port of Houston to site in Amarillo, Texas.
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.