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Private power and AI campus developer
fermiamerica.comLast updated
In short: Fermi secured a $6.5 billion lease with TensorWave, appointed Lee McIntire as CEO, and faced a subpoena regarding Project Matador records.
Fermi inked its first deal with TensorWave, plans to double power-to-market via Hillcore Energy Capital alliance, and named Lee McIntire as CEO, effective immediately. McIntire brings 40+ years of infrastructure experience.
The binding 15-year agreement covers phase one at Project Matador in the Texas Panhandle and includes expansion rights.
The three SGT6-5000F turbines will anchor the second phase of the power buildout at the Amarillo campus.
The program aims to streamline regulatory review for nuclear projects, including a 17GW private grid in Amarillo, Texas.
A U.S. district court is after data center developer Fermi's records on Project Matador. The government entities haven't alleged any wrongdoing.
Fermi celebrated new customers and financing in Q2. Investors focused on the missing revenue instead.
$6.5 billion TensorWave deal and 2.6-gigawatt power alliance reshape Fermi's growth trajectory.
Lee McIntire, an independent member of Fermi's board, has been hired as CEO, more than three months since the company fired co-founder Toby Neugebauer from...
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