REG - Fermi Inc. - Fermi Files 5GW Clean Air Permit, Projects 17GW

FermiAnnouncement

Yesterday 13:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260313:nRSM6368Wa&default-theme=true

RNS Number : 6368W  Fermi Inc.  13 March 2026

World's Largest Private Grid, Fermi America™ to File Additional 5GW Clean
Air Permit for Project Matador with the Texas Commission on Environmental
Quality (TCEQ) Upsizing Campus Projections to 17GW of Private Power

Construction work at Project Matador's 17GW Private Power Campus

·    New Permit to be Filed Within Weeks of the Site's First 6GW Clean Air
Permit Approval

·    Signals Project Matador's Plans for 17GW of Total Campus Power,
Making It Largest in the World

·    Adding additional high-paying construction jobs and permanent careers
to the Texas Panhandle

(Amarillo, Texas) March 13, 2026 - Fermi Inc.
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4638779-1&h=845840553&u=https%3A%2F%2Ffermiamerica.com%2F&a=Fermi+Inc.)
(d/b/a Fermi America) (NASDAQ & LSE: FRMI), operating as Fermi America™,
in partnership with the Texas Tech University System (TTU System), today
announced its intention to file an additional 5GW Clean Air Permit with the
Texas Commission on Environmental Quality (TCEQ).

The announcement made right on the heels of Project Matador's first 6GW Clean
Air Permit, approved two weeks ago, signals the campus' plan to achieve ~17GW
of total power including 11GW of clean natural gas, 4.4GW of nuclear energy,
solar and battery sources.

"Leave it to Texas to answer the call for America's energy crisis," stated
Toby Neugebauer, Co-Founder and CEO of Fermi America. "Why would we settle for
6GW of clean natural gas when the country needs more power, not less, and our
site is beyond capable of safely producing 11GW? Fermi is pleased to steward
this land and environment well, while creating additional high-paying jobs and
economic development for the region."

With winter storms causing grid power issues and President Trump's recent
Ratepayer Protection Pledge, the only answer is private power grids.
 America's energy needs are surging across every sector - from AI and
advanced computing to domestic manufacturing, defense, and industrial
reshoring. The public grid was not designed to scale at the speed of AI, nor
should hard-working Americans foot the bill.

As the only private grid campus of its kind with over 2GW of secured long lead
time generation assets, an approved ~6GW Clean Air Permit, equipment finance,
and a clear path to 17GW of power, Fermi America is positioned to meet
hyperscaler demand so that America's great innovators can continue to grow at
the speed of capitalism.

President Trump's 'Bring Your Own Power' mandate points the way - and at 17GW,
Project Matador is ready to deliver power certainty at scale.

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=4623677-1&h=4127465253&u=https%3A%2F%2Ffermiamerica.com%2F&a=https%3A%2F%2Ffermiamerica.com%2F)

About Fermi America™:

Fermi America™ (NASDAQ & LSE: FRMI) is an advanced energy and
hyperscaler development company with a mission to power the future of
artificial intelligence directly to the world's most compute-intensive
businesses through its flagship initiative, Project Matador. Co-founded by
former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing
Partner of Quantum Energy Partners Toby Neugebauer, Fermi America™ combines
a deep bench of proven world-class multi-disciplinary leaders and over 2 GW of
secured long lead time natural gas generation assets to build the world's
largest next-gen private grid campus. Ultimately constructing 11GW of private,
low-carbon, on-demand power, Project Matador is expected to integrate a large
combined-cycle natural gas project, advanced nuclear power generation, utility
grid power, solar power, and battery energy storage to support hyperscale AI
and advanced compute at scale.

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.

Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995, including statements
regarding our strategy, future operations, financial position, prospects,
plans and objectives of management. In some cases, you can identify
forward-looking statements because they contain words such as "may," "will,"
"will be," "will likely result," "should," "expects," "plans," "anticipates,"
"could," "would," "foresees," "intends," "target," "projects," "contemplates,"
"believes," "estimates," "predicts," "potential," "outlook," or "continue" or
the negative of these words or other similar terms or expressions. These
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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFZGMFFFNGVZM



            Copyright 2019 Regulatory News Service, all rights reserved