Fermi Inc

Fermi Inc is a United States-based energy infrastructure company focused on delivering large-scale private power to hyperscale data center and artificial intelligence workloads. Its flagship undertaking, Project Matador, is described by the company as the world's largest private HyperGrid™ campus, located on roughly 8,400 acres in the Texas Panhandle. The project is planned to reach 17GW of capacity, with approximately 6GW already permitted, and is designed to provide private power on a hyperscaler's timeline rather than waiting for the public grid. The company positions itself against what it calls "the new power reality": AI demand has outrun the public grid, with data center power demand up more than 1,000% and the United States facing a future 45GW shortfall. Fermi argues that grid interconnection waits can stretch three to seven years, and that Project Matador was built to close that gap. Its generation strategy combines day-one gas megawatts, long-horizon nuclear baseload, and solar-plus-battery bridge capacity. Fermi reports that it has secured approximately 2GW of generation assets, completed the first phase of construction, and is backed by nearly $1 billion in committed financing from leading lenders. The company aims to bring first power online in 2026. It has also announced a binding lease agreement with TensorWave, an AI cloud infrastructure provider, marking one of the first commercial tenant commitments for Project Matador and validating demand for the campus. Fermi Inc is characterized in public data as an energy infrastructure company. It operates in the United States and markets itself to hyperscale operators and AI infrastructure tenants seeking dispatchable, redundant power at gigawatt scale.

Fermi Inc is a United States energy infrastructure company. Public data characterizes it as an energy infrastructure company, and its official website presents it as the developer of Project Matador, a private power and AI campus in the Texas Panhandle. Project Matador is described as a 17GW private power and AI campus, with approximately 6GW already permitted on roughly 8,400 acres. The company states that it has secured approximately 2GW of generation assets and completed the first phase of construction. It reports nearly $1 billion in committed financing from leading lenders and is working to bring first power online in 2026. The project's generation strategy is built around three pillars: gas for day-one megawatts at scale, nuclear for long-horizon baseload, and solar plus battery as bridge capacity between today's gas fleet and tomorrow's nuclear core. Fermi markets the campus as the world's largest private HyperGrid™ campus, designed to serve hyperscale loads with redundant, dispatchable power. Fermi has announced a binding lease agreement with TensorWave, an AI cloud infrastructure provider, marking one of the first commercial tenant commitments for Project Matador. The company frames its mission around what it calls "the new power reality": AI demand has outrun the public grid, data center demand for power is up more than 1,000%, and the U.S. faces a future 45GW shortfall, with interconnection waits that can stretch three to seven years.

• Fermi announces a binding lease agreement with TensorWave for Project Matador.

  [1]Gigawatt Scale Power for Next-Gen AI | Fermi Americafermiamerica.com
• Approximately 6GW of Project Matador's 17GW capacity is permitted on roughly 8,400 acres in the Texas Panhandle.

  [1]Gigawatt Scale Power for Next-Gen AI | Fermi Americafermiamerica.com
• Fermi reports nearly $1 billion in committed financing and completion of the first phase of construction.

  [1]Gigawatt Scale Power for Next-Gen AI | Fermi Americafermiamerica.com
• Fermi targets first power online in 2026.

  [1]Gigawatt Scale Power for Next-Gen AI | Fermi Americafermiamerica.com

Gigawatt-scale private power for next-generation AI and hyperscale workloads, delivered on a hyperscaler's timeline.

• Project Matador

  A 17GW private power and AI campus in the Texas Panhandle, described as the world's largest private HyperGrid™ campus.

• HyperGrid™ campus

  Fermi's private power campus model designed to serve hyperscale loads with redundant, dispatchable power.

• Unconfirmed

  Reported2026.10.30

  Rick Perry loses reelection to Fermi board[3]里克·佩里未能连任 Fermi 董事会news.google.com

  Rick Perry lost reelection to the board of Fermi, the data center company he co-founded.

Read more

1. 1Gigawatt Scale Power for Next-Gen AI | Fermi Americafermiamerica.com
2. 2Fermi Incwikidata.org
3. 3里克·佩里未能连任 Fermi 董事会news.google.com