Project Matador · Carson County, Texas

Project Matador.

Project Matador occupies one contiguous site in Carson County, Texas, with gas, water, fiber and a 99-year ground lease already in hand. ~6 GW of natural gas is permitted; everything larger is planned.

Project Matador at full build, concept film

Overview
~11GW
Generation planned: gas and nuclear, with solar and storage
~15M sq ft
AI data-center capacity planned at full build-out
2027
First on-site power to the anchor tenant, target
Master planCompany document

The master plan.

The company’s published master plan for Project Matador: the Main, West, East and South campuses, the generation sites, and the water, gas, fiber, transmission and rail corridors that serve them, beside the Department of Energy’s Pantex Plant.

Project Matador master plan: West, Main, South and East campuses beside the Department of Energy Pantex Plant, with utility corridors and a legend
Project Matador master plan, Fermi America. Acreage and capacity figures printed on the plan are as published with it and are superseded by current disclosure: the site is expected to encompass ~8,400 acres in the aggregate. The facts register carries the current figures. View at full size ↗
The private grid

How power flows on the campus.

Every source feeds the data centers directly, behind the meter. A connection of up to 200 MW to Southwestern Public Service, an Xcel Energy subsidiary, is for start-up and backup only.

Natural gas~6 GW permitted · ~11 GW plannedNuclear~6 GW planned · NRC application docketedSolarPlanned complement · daytimeStoragePlanned complement · batteryPrivate campus gridHigh voltage · behind the meterStep-downData centersup to ~15M sq ft plannedToken output
~6 GW permitted
TCEQ air permit
~2.2 GW in Texas
Turbine equipment
2027 target
First on-site power
4 AP1000
NRC application docketed
Generation

Gas now, nuclear and renewables planned.

Natural-gas turbines

Natural-gas turbines

Siemens Energy frames supply the first on-site power, fed by pipeline at the site.

AP1000 nuclear

AP1000 nuclear

Four Westinghouse units, docketed at the NRC. No license has been issued.

Solar

Solar

Planned to supplement gas in daylight hours. Not permitted or under construction.

Battery storage

Battery storage

Planned for rapid changes in data-center load. Not permitted or under construction.

Gas turbinesModels per company disclosures

Three turbine models.

Two Siemens Energy frames and a GE Frame 6B, staged across the delivery phases.

Siemens Energy SGT-800 gas turbine
6 units landed · ~300 MW simple-cycle

Siemens Energy SGT-800

Six units arrived at the Port of Houston in February 2026 for the first phase of generation. Six further units are financed for delivery in 2028 under the CSG Investments facility.

Siemens Energy SGT6-5000F gas turbine
1 onsite, 2 enroute · up to ~728 MW simple-cycle

Siemens Energy SGT6-5000F

Three F-class units arrived at the Port of Houston in July 2026 for the second phase of generation. One is now on the campus and two are in transit. TSK is engaged for early works and fast-start engineering.

GE Frame 6B gas turbine
3 units onsite · ~114 MW simple-cycle

GE Frame 6B

Three units are on the campus in Carson County, per the fiscal 2025 Form 10-K.

ScheduleGuidance, August 2026

Targets to first power.

~200MW
Initial commercial power, target
~1.5GW
Within 18 to 24 months, target
~4.8GW
With the Hillcore power center, ~30 months, target
~11GW
Planned; expandable to ~17 GW subject to conditions
Concept site

Concept site. This is an independent design study of how Fermi America could present itself online. It is not the official Fermi America website and is not published by Fermi Inc. Official sites: fermiamerica.com and investor.fermiamerica.com.

Fermi, doing business as Fermi America, is developing Project Matador, a private power grid and AI data-center campus in Carson County, Texas, near Amarillo.

Listings
Nasdaq: FRMI · LSE: FRMI
ISIN
US3149111086

Offices

Headquarters · 1845 Woodall Rodgers Fwy, Suite 1100
Dallas, Texas 75201
Project office · 620 S. Taylor St., Suite 301, Amarillo, Texas 79101

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Fermi America™ and HyperGrid™ are trademarks of Fermi Inc. (Nasdaq and LSE: FRMI). For authoritative disclosure, refer to Fermi Inc.’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements and disclaimers