Fermi Aims to Power AI's Future with Texas Tech Partnership

Fermi's ambitious plan to deliver up to 11 GW of power to AI data centers through natural gas, nuclear, and solar energy

Apr. 15, 2026 at 2:22pm

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An extreme close-up of large, industrial machinery and equipment in muted tones, representing the heavy, physical infrastructure that will power the AI economy.Fermi's ambitious plan to build a multi-gigawatt energy campus for AI data centers aims to provide the physical backbone for the next generation of computing power.Amarillo Today

Fermi (NASDAQ:FRMI) is an advanced energy and hyperscaler development company purpose-built for the AI era, with a mission to deliver up to 11 GW of low-carbon, HyperRedundant power directly to the world's most compute-intensive businesses. The company has entered into a long-term lease on a 5,236-acre site at Texas Tech University's 'Project Matador' in Amarillo, Texas, which is designed to support the accelerating needs of AI infrastructure through a mix of natural gas, nuclear, and solar energy.

Why it matters

Fermi's strategic location and diverse energy mix position it to become a critical player in powering America's AI economy. The company's proximity to the DOE's Pantex Plant also offers access to a highly experienced nuclear workforce, which could be a major advantage.

The details

Fermi expects to secure 1.1 GW of power for its operations by the end of 2026, including 200 MW from a contractual arrangement with the local utility. The company has also submitted a Combined License Application for 4 GW of nuclear power, which has undergone preliminary review by the NRC. Fermi believes its ready access to natural gas, solar potential, and nuclear expertise will enable it to deploy an integrated, grid-independent energy solution to attract AI data center tenants.

  • Fermi expects to have 1.1 GW of power online by the end of 2026.
  • Fermi's Combined License Application for 4 GW of nuclear power has been accepted for processing by the NRC.

The players

Fermi

An advanced energy and hyperscaler development company purpose-built for the AI era, with a mission to deliver up to 11 GW of low-carbon, HyperRedundant power.

Texas Tech University

The public university system that owns the land for Fermi's 'Project Matador' development, a multi-gigawatt energy and data center campus.

U.S. Department of Energy's Pantex Plant

The nation's primary nuclear weapons center, located in close proximity to Fermi's Project Matador site, which offers access to a highly experienced nuclear workforce.

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What’s next

Fermi expects to secure additional power purchase agreements and continue progressing its nuclear power application with the NRC to support its goal of delivering up to 11 GW of power to AI data centers by 2038.

The takeaway

Fermi's unique combination of a strategic location, diverse energy mix, and proximity to nuclear expertise positions the company to become a key player in powering the AI economy of the future.