Six SGT-800 gas turbine units at the Project Matador campus — concept render
17 GW · 7,570 ACRES · AMARILLO, TEXAS

Fermi makes power for AI.

The world's first 17 GW private AI power grid — natural gas, nuclear, solar, and storage on 7,570 acres, serving more than 15 million square feet of data centers. First power Q4 2026.

Scroll

Project Matador — the 17 GW campus at full build · Fermi America render

$1B of financing commitments fromMUFG·BEAL BANK·KEYSTONE·YORKVILLE
Already banked
6 GW
Federal air permit secured
EPA / TCEQ permit
1st
NRC Combined License accepted in 15 years
U.S. NRC
$1B+
Financing commitments
MUFG · Beal · Keystone · Yorkville
1.5 GW
Staged by end of 2027
Turbines bought & financed
The premise

AI needs more power than America's grid can deliver. Fermi builds the power.

17GW
Planned generation
15M+ FT²
AI data center capacity
2026
First power on site
45GW
Projected U.S. shortfall
$60B
Initial build-out program
Foundations poured at the Project Matador construction site in the Texas Panhandle

Steel in the ground. Fermi's campus is under construction.

6 GW
Gas permitted
2026
First power
2 GW
Generation assets secured
4 × AP1000
Filed with NRC
Power first
The fleet
The load
Intelligence
001

Power first

Six SGT-800 units stand up first power — 6 GW of permitted natural gas, bought and staged on West Texas ground.

002

The fleet

Six units in formation from above — turbines arrive on a construction schedule, not an interconnection queue. The ramp is already underway.

003

The load

15 million square feet of data halls rise beside the turbines, behind one fence, on a single private bus.

004

Intelligence

700,000 GPUs per gigawatt. Power becomes tokens — the campus is the platform, power is the product.

Project Matador
The fleet

The hardware is real.

Not a render of intent — the machines that make first power, on the ground in the Panhandle.

The first 6 gigawatts.6.0 GW · permitted · 2026
Siemens SGT-800

The first 6 gigawatts.

Aeroderivative-class gas turbines in combined-cycle, federally permitted and staged for a Q4 2026 first power. The backbone of the early ramp.

Proven iron, West Texas.Behind the meter · 345 kV
GE 6B

Proven iron, West Texas.

Field-hardened frames that energize the site while the larger fleet comes online — capacity that does not wait on the public grid.

The power behind AI — For the public, Fermi campus concept render
For the public

The power behind AI

Why the grid can't feed it, and what's rising in the Texas Panhandle. A 45 GW shortfall; queues that run years.

See the answer
The scarce input — For investors, Fermi campus concept render
For investors

The scarce input

Energized megawatts — the asset, the milestones, the risks. $1B+ committed; first revenue-bearing power Q4 2026.

See the thesis
Capacity, on schedule — For hyperscalers, Fermi campus concept render
For hyperscalers

Capacity, on schedule

First power Q4 2026; 1.5 GW by end of 2027 — in a country short 45 GW. Reserved in waves against construction, not a waiting list.

See the offer
The moat

Four advantages, already banked.

Behind the meter
01

Behind the meter

Fermi's power never touches the public grid. No interconnection queue, no transmission risk, no competing with Texas households for electrons. Generation and computers share one private bus — so capacity arrives on a construction schedule, not a regulator's calendar.

Next door to the DOE
02

Next door to the DOE

The campus borders the Department of Energy's Pantex Plant — the most security-scrutinized ground in America. That means a region built around clearances and restricted airspace, a workforce fluent in nuclear-grade safety culture, and regulators who already know the neighborhood.

Permitted: air, water, nuclear
03

Permitted: air, water, nuclear

Permits are the real queue — and Fermi has already crossed it. Air: a 6 GW federal permit secured, 5 GW more filed. Water: 11 MGD from America's second-largest aquifer, 2.5 MGD already at site. Nuclear: the first Combined License the NRC has accepted in fifteen years. Competitors start that clock at zero.

1.5 GW by end of 2027
04

1.5 GW by end of 2027

America is short a projected 45 gigawatts, and new connections wait years. Against that scarcity, Fermi's turbines are bought, financed, and staged — a ramp to 1.5 GW by the end of 2027 and 2 GW in 2028. Almost no one else in the country can say that sentence.

Built on a rare foundation

  • 7,570 acres
  • Next to the Pantex DOE complex
  • Access to water
  • Fed by major natural gas pipelines
  • High-capacity fiber in the ground
The load

Where the power goes.

More than 15 million square feet of AI data centers, fed directly from the campus bus — no transmission, no curtailment, no queue.

Data halls at full build — concept render
Data halls at full build — concept render
Private bus to the halls — concept render
Private bus to the halls — concept render
Inside the load — concept render
Inside the load — concept render
From fuel to thought

How the HyperGrid works.

Four power sources feed fifteen data halls through one private bus. Nothing waits on the public grid.

From fuel to thought · The HyperGrid · behind the meter
17.0 GW
Planned generation
2.41M
Tokens / sec · live
NATURAL GAS6.0 GW · 2026NUCLEAR · 4×AP10004.4 GW · 2031SOLAR2.0 GW PEAKSTORAGE · BESS1.5 GW / 6 GWHPRIVATE CAMPUS BUS345 KV · BEHIND THE METER · NO QUEUESTEP-DOWN15 AI DATA HALLS700,000 GPUS / GWINTELLIGENCETOKENS · MODELS
6 GW permitted
Federal air permit secured
1.5 GW staged
By end of 2027
Q4 2026
First power on site
1st in 15 yrs
NRC combined license accepted
The Project Matador campus at full build — still from the Fermi America film
Fermi America — official film
One question, three answers

"Why does AI need its own power plant?"

Same facts. Three honest answers.

Because thinking takes energy — even for machines.

Every question you ask an AI runs through warehouses of processors that draw electricity the way a city does — one large AI campus can need as much power as millions of homes. If those campuses plug into the grid you already use, everyone competes for the same electrons. Fermi's answer is to build the power plant and the data center together, on the same land, behind the same fence — so AI gets fed without raiding the neighborhood's supply.

Aerial of Fermi's gas turbine fleet at the Project Matador campus — concept render

Interested in how Fermi can power your needs?

The math is simple. Our campus is the platform. Power is the product. The timeline is now.

We reply within two business days. Reservations are confirmed in waves against construction.