REG - Fermi Inc. - Advance in Aid of Construction Agreement

FermiAnnouncement

06/11/2025 07:00

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RNS Number : 4677G  Fermi Inc.  06 November 2025

Fermi America™ Announces Execution of an Advance in Aid of Construction
Agreement for $150 Million with its First Prospective Client

Amarillo, Texas (November 6, 2025) - Fermi America (Nasdaq: FRMI) today
announced the execution of an Advance in Aid of Construction
Agreement (AIAC) for $150 million with its first prospective client.

 

For media inquiries, please contact:

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

 

About Fermi America

Fermi America
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4545335-1&h=4001681204&u=https%3A%2F%2Ffermiamerica.com%2F)&a=Fermi+America)
™ (Nasdaq: FRMI
(https://www.prnewswire.com/news-releases/fermi-america-secures-agreement-with-mobile-power-solutions-for-157-5-mw-of-ge-tm2500-turbines--securing-even-more-power-for-the-worlds-largest-11gw-private-energy-grid-302599235.html#financial-modal)
) (https://fermiamerica.com/
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4545335-1&h=1135674686&u=https%3A%2F%2Ffermiamerica.com%2F&a=https%3A%2F%2Ffermiamerica.com%2F)
) is pioneering the development of next-generation private electric grids that
deliver highly redundant power at gigawatt scale, required to create
next-generation artificial intelligence. 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, 11 GW next-gen private grid. 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
deliver hyperscaler artificial intelligence.   

Forward-looking Statements

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of the Private Securities Litigation Reform Act of 1995, including statements
regarding our strategy, future operations, financial position, prospects,
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forward-looking statements are not guarantees of future performance, but are
based on management's current expectations, assumptions, and beliefs
concerning future developments and their potential effect on us, which are
inherently subject to uncertainties, risks and changes in circumstances that
are difficult to predict. Our expectations expressed or implied in these
forward-looking statements may not turn out to be correct. Our results could
be materially different from our expectations because of various risks.

 

 

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