Fermi Inc. Achieves Milestone with Siemens Turbines Arrival

Fermi Inc. (NASDAQ: FRMI) announced the delivery of three Siemens SGT6-5000F natural gas turbines at the Port of Houston for its Project Matador. This development marks a significant step in establishing the nation's largest combined-cycle natural gas project.

These turbines, capable of producing up to 780 megawatts, are destined for Fermi's advanced energy and AI campus near Amarillo, Texas. The project is designed to address power demands critical for advanced computing and AI.

Fermi's strategy, dubbed "FermiSpeed," emphasizes rapid deployment, ensuring essential equipment is available to expedite project milestones. Partnering with TSK and Primoris Services Corporation, Fermi aims to accelerate its speed-to-power advantage.

The Project Matador site, now under development, has more than $1.4 billion invested and plans to reach approximately 1.5 gigawatts by 2027.