RCS - Fermi Inc. - Fermi America Deepens Partnership with Hyundai E&C

FermiAnnouncement

12/02/2026 07:10

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RNS Number : 7506S  Fermi Inc.  12 February 2026

Fermi America Deepens Strategic Partnership with Hyundai E&C to Lead the
Return of Large-Scale Nuclear Construction in the U.S. with Project Matador

 

Mesut Uzman, Chief Nuclear Construction Officer of Fermi America, Addresses
Hyundai E&C Conference in Dallas

 

·    Fermi America joined Hyundai E&C's Large-Scale Nuclear Technology
Seminar in Dallas to engage contractors and strengthen U.S. nuclear supply
chain and workforce readiness.

·    Ongoing FEED work advances planning for four AP1000 units supporting
Project Matador, Fermi America's 11GW private energy campus outside Amarillo,
Texas.

 

AMARILLO, Texas, Feb. 11, 2026 -- Fermi Inc. (d/b/a Fermi America) (Nasdaq
& LSE: FRMI), operating as Fermi America™, today highlighted continued
progress in its strategic partnership with Hyundai Engineering &
Construction Co., Ltd. (Hyundai E&C) to help restart large-scale nuclear
construction in the United States, including ongoing Front-End Engineering
Design (FEED) work supporting four AP1000 units planned for Fermi America's
Project Matador, an 11-gigawatt private energy campus outside Amarillo, Texas.

Fermi America is building this partnership as part of its long-term strategy
to bring proven nuclear success and global delivery capability back to America
and accelerate the deployment of the reliable, large-scale baseload power
needed to meet rapidly rising demand for power in America.

As part of the partnership, Fermi America participated in Hyundai E&C's
Large-Scale Nuclear Technology Seminar on Feb. 10 at The Westin Dallas
Downtown. The event brought together leaders from across the U.S. construction
and nuclear sectors for practical, discipline-specific sessions on what it
takes to build large-scale nuclear projects in today's market. It also
provided an opportunity to engage Texas and national contractors, strengthen
supply chain readiness, and align industry partners around the execution
demands of next-generation nuclear development.

The seminar covered key construction disciplines and execution topics
including nuclear construction standards, modular construction concepts and
procedures, major mechanical installation disciplines, specialized nuclear
construction works, heavy lifting, nuclear plant building systems, and
workforce development and training for skilled nuclear personnel. The event
drew strong participation from Texas-based construction companies and major
stakeholders across the U.S. nuclear and construction sectors.

With large-scale nuclear construction in the United States largely stalled for
decades, Fermi America believes Project Matador represents a critical
opportunity to restart American nuclear build capability at scale.

"It's a very short line of companies eager to do nuclear here in America,"
said Toby Neugebauer, CEO and Co-Founder of Fermi America. "The list is even
shorter when you consider the projects with a COL accepted for review, active
NRC engagement, and a highly characterized site that are ready to break ground
this year.

As in only one.

Fermi is proud to partner with Hyundai, the only global company to have
successfully built 24 nuclear reactors, ten of them simultaneously, on time
and on budget. Their expertise, talent, and financial commitment, together
with Westinghouse AP1000s means that with DOE and DOC support, the American
nuclear renaissance can restart July 4th."

Fermi America and Hyundai E&C are currently advancing FEED activities
including site layout planning, cooling system evaluations, and cost and
schedule development. These efforts are intended to strengthen project
readiness and support progress toward a potential engineering, procurement,
and construction (EPC) pathway.

Mesut Uzman, Chief Nuclear Construction Officer of Fermi America and CEO of
Fermi Nuclear LLC, delivered remarks emphasizing the urgency of accelerating
major energy infrastructure deployment.

"AI-driven load growth is accelerating faster than most people realize," said
Uzman. "The next decade will be defined by those who can build power
infrastructure fast enough to support AI and industrial growth. Hyundai brings
the industrial scale and execution discipline needed to deliver significant
energy projects like Fermi America's Project Matador. We see this partnership
with Hyundai E&C as a critical step toward rebuilding U.S. energy
capacity."

Through its partnership with Hyundai E&C, Fermi America is working to
mobilize contractors, strengthen the workforce pipeline, and rebuild the
nuclear supply chain required to deliver new large-scale nuclear power plants
in Texas and across the United States.

Project Matador is being developed to deliver reliable baseload power at scale
to support America's fastest-growing electricity demand, including AI
infrastructure, data centers, advanced manufacturing, and other critical
industries.

For media inquiries:

Lexi Swearingen
Media@FermiAmerica.com (mailto:Media@FermiAmerica.com)

Fermi America™ official business information

Legal Entity: Fermi Inc. (d/b/a Fermi America) (Nasdaq & LSE: FRMI)

Brand Name: Fermi America™

Address: 620 S Taylor St #301 Amarillo, TX 79101-2436

Website: https://fermiamerica.com/
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4618246-1&h=3739756823&u=https%3A%2F%2Ffermiamerica.com%2F&a=https%3A%2F%2Ffermiamerica.com%2F)

About Fermi America™:

Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private
electric grids that deliver highly redundant power at gigawatt scale to
support next-generation intelligence and AI compute. 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
with a combined 25 GW of experience, to create the world's largest, 11 GW
next-gen private grid, helping ensure America's energy and AI dominance. The
behind-the-meter Project Matador campus is expected to integrate the nation's
biggest combined-cycle natural gas project, one of the largest clean, new
nuclear power complexes in America, utility grid power, solar power, and
battery energy storage, to support hyperscale AI and advanced computing.

About the Texas Tech University System

Established in 1996, the Texas Tech University System is one of the top public
university systems in the nation, consisting of five universities - Texas Tech
University, Texas Tech University Health Sciences Center, Angelo State
University, Texas Tech University Health Sciences Center El Paso and
Midwestern State University.

Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion
enterprise focused on advancing higher education, health care, research and
outreach with approximately 21,000 employees and 64,000 students, more than
400,000 alums, a statewide economic impact of $19.2 billion and an endowment
valued at $3 billion. In its short history, the TTU System has grown
tremendously and is nationally acclaimed, operating at 20 academic locations
in 16 cities (15 in Texas, 1 international).

In addition, the TTU System is one of only nine in the nation to offer
programs for undergraduate, medical, law, nursing, pharmacy, dental and
veterinary education among other academic areas.

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