REG - Fermi Inc. - Partnerships Announcement

FermiAnnouncement

30/10/2025 07:00

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RNS Number : 4084F  Fermi Inc.  30 October 2025

Fermi America™ Secures Agreement with Mobile Power Solutions for 157.5 MW of
GE TM2500 Turbines - Securing Even More Power for the World's Largest 11GW
Private Energy Grid

·    Agreement Supports Project Matador's First 500 MW of Generation
Capacity, Scheduled to be Online in 2026

·    Establishes a 20-year Strategic Partnership Between Fermi America and
Mobile Power Solutions, Advancing America's Energy Renaissance

·    Helps Ensure America's Largest Private Grid Campus Can Deliver Fast,
Firm, and Reliable Power in 2026 to Meet Growing AI Demand

Amarillo, Texas (October 30, 2025) - Fermi America™ (Nasdaq: FRMI), in
partnership with the Texas Tech University System, has entered a long-term
capital lease agreement with Mobile Power Solutions (MPS) for seven GE TM2500
gas turbines, totaling 157.5 megawatts (MW) of nameplate capacity. These
fast-deploying, high-efficiency, versatile turbines expand Fermi's natural gas
platform - a cornerstone of Project Matador, the world's largest 11GW private
HyperGrid™ campus.

The TM2500 units will bring flexible, dispatchable power online as Fermi
delivers on its mission to secure American energy and AI dominance by
integrating natural gas, nuclear, solar, and battery storage at scale.

The turbines will be delivered in the fourth quarter of 2025, entering
commercial operation in early 2026 as part of Fermi's first 500 MW of
generation capacity. A critical part of Fermi's initial tranche of power, the
TM2500's will remain long-term as part of the strategic assets supporting
Fermi's aggressive growth goals to keep pace with the country's AI demand.

"Inking yet one more power agreement this week signals our firm commitment and
proves our capability to deliver on promises made," said Toby Neugebauer,
Co-founder & CEO of Fermi America. "The country will soon realize what
we've been saying all year - America is at war over who will control the
future of information and intelligence. We join President Trump in taking the
threat very seriously which drives us to work as hard as any other team out
there, daily taking the appropriate actions to position America for the win."
 

The 20-year capital lease marks the beginning of a long-term partnership
between Fermi America and Mobile Power Solutions, built on a shared commitment
to efficiency, reliability, and U.S. energy security. As part of the
agreement, Fermi and MPS intend to collaborate on future acquisitions of
additional TM2500 units.

"Our partnership with Fermi means bringing the grid where and when it's needed
with our reliable, efficient and fast track power solutions, putting real
power in motion," said Juan Pablo Elias, CEO of Mobile Power Solutions. "The
TM2500 is proven, reliable, and ready to go - perfectly aligned with Fermi's
vision of fast, flexible energy that keeps America running strong."

For media inquiries, please contact:

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

About Fermi America

Fermi America (https://fermiamerica.com/)) ™ (Nasdaq: FRMI)
(https://fermiamerica.com/ (https://fermiamerica.com/) ) is pioneering the
development of next-generation 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, next-gen
private grid. The behind-the-meter campus is expected to integrate one of the
largest nuclear power complexes in America, the nation's biggest
combined-cycle natural gas project, utility grid power, solar power, and
battery energy storage, to deliver hyperscaler artificial intelligence.

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.

About Mobile Power Solutions

Mobile Power Solutions ("MPS") is dedicated to providing specialized, fast,
mobile power generation solutions. We deliver reliable and efficient power
generation for a wide range of temporary and/or permanent applications in
which speed and flexibility are required. MPS leverages its expertise,
fast-track solutions and a customer-centric approach to meet the growing
demand for flexible and portable energy when and where it is needed through
its highly versatile, efficient and reliable fleet of equipment.

Forward-looking Statements

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