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

AMARILLO, Texas, Nov. 6, 2025 /PRNewswire/ -- 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.

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About Fermi America  

Fermi America™ (Nasdaq: FRMI) (https://fermiamerica.com/) 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.   

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SOURCE Fermi America