Fermi America signed a memorandum of understanding (MOU), demonstrating their strategic partnership and intention to pursue broader collaboration across multiple projects and technology platforms in support of Fermi America's long-term nuclear development strategy. Through this mutually beneficial agreement, Doosan Enerbility joins a growing list of world's best nuclear energy companies and experts who will be partnering with Fermi America, including the Texas Tech University System, Hyundai E&C, ASP Isotopes, and highly-respected nuclear experts who have just returned from developing nuclear power facilities in the UAE, Mesut and Sezin Uzman. Through the MOU signed by Neugebauer and Doosan Enerb utility President Jongdoo Kim, the companies have expressed their intent to explore cooperation opportunities, not only in large-scale commercial nuclear power plants, but also in small modular reactor (SMR) technologies.
With a power output of no more than 300 Mwe and features that give it a clear advantage over conventional nuclear reactors found in large-capacity power plants, the SMRs enhance safety and flexibility with regards to installation and power output. Fermi America was co-founded by former U.S. Secretary of Energy Rick Perry and Co-founder and former Co-Managing Partner of Quantum Energy, Toby Neugebauer, and is being built as a private grid on 5,200 acres of severe Texas Tech University System land. The first company to file a new COL application with the Nuclear Regulatory Commission (NRC), and execute on the plan by securing long-lead supply chain items and partners, necessary to construct the largest new nuclear power complex in America by 2032, the company will bridge the power gap issue by building the nation's biggest combined-cycle natural gas project, solar power, and battery energy storage campus, totally 11 gigawatts of power and 15 million square feet of artificial intelligence capacity.
