Fermi America inks two historic nuclear deals ahead of the President's Seoul, South Korea visit. As the pacesetter in kickstarting America's nuclear renaissance, Fermi announced an agreement with Doosan Enerbility to initiate forging production of critical long-lead-time nuclear equipment (reactor pressure vessels and steam generators) amid a complicated supply chain. This strategic deal locks in Fermi's preeminent position for Westinghouse AP1000 reactor projects.
On the heels of being the first company to file for its combined operating license (COL), which was accepted for review by the Nuclear Regulatory Commission in September, Fermi continues to advance its commitment to build clean, new nuclear power on time and on budget. Simultaneously, Fermi announced the signing of a Front-End Engineering Design (FEED) contract with Hyundai Engineering & Construction (E&C) to begin engineering work on four AP1000 nuclear reactors for Project Matador, a first-of-its-kind, behind the meter private grid campus under construction in the Texas Panhandle. Marking a major milestone in the partnership between Fermi America and Hyundai E&C, the agreement reflects a shared commitment to delivering nuclear power to America's major tech companies on time, on budget, and at a cost per gigawatt that is consistent with the world's most successful energy projects.
Today's announcement follows a Memorandum of Understanding (MoU) with Doosan for development of both large-scale commercial nuclear plants and small modular reactor technologies and a Strategic Partnership Agreement with Hyundai E&C marking the Early Contractor Involvement stage in the long-term partnership between Fermi Americaand Hyundai E&C. A full engineering, procurement, and Construction (EPC) agreement is expected to follow in early 2026. Co-founded by former U.S. Energy Secretary Rick Perry, and Co-founder and former Co-Managing Partner of Quantum Energy, Toby Neugebauer, Fermi America?? combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, next-gen private grid.
The behind-the-meter campus is expected to integrate one of the largest nuclear power complexes in America.
