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) filed a Form 8-K on March 30, 2026, including its fiscal year 2025 shareholder letter and announced a live webcast and conference call the same day. The event is scheduled for 9:00 AM ET / 2:00 PM BST and will be replayed online.
Investors are directed to the company's investor relations site and social channels for disclosures and materials.
Fermi America (NASDAQ: FRMI) filed a 5 GW Clean Air Permit Application with the Texas Commission on Environmental Quality on March 27, 2026, following TCEQ’s approval of a first ~6 GW permit on February 25, 2025.
The company targets ~17 GW total capacity composed of ~11 GW clean natural gas, plus nuclear, solar and battery power, and says ~2.5 GW of gas-fired combined-cycle generation is secured and equipment finance is committed.
Fermi America (NASDAQ: FRMI) secured a $165 million senior secured, first‑lien delayed draw term loan from CSG Investments (affiliate of Beal Bank USA) to fund remaining progress payments for six Siemens Energy SGT‑800‑57 turbines, with deliveries scheduled in 2028. This adds to >$865 million in equipment financing for Project Matador and supports near‑term turbine procurement ahead of project financing.
Funds flow through Fermi Turbine Warehouse II LLC; legal counsel included Vinson & Elkins and Davis Polk.
Fermi America (NASDAQ:FRMI) plans to file an additional 5GW Clean Air Permit with the Texas Commission on Environmental Quality, weeks after receiving an approved 6GW permit for Project Matador. The company now projects a ~17GW private power campus combining natural gas, nuclear, solar and batteries.
The expansion targets 11GW of clean natural gas and aims to add construction and permanent jobs in the Texas Panhandle while positioning the site for hyperscaler demand.
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.