Fermi Inc. (FRMI)

Profile

https://www.fermiamerica.com

Fermi Inc. is a real estate investment trust pioneering next-generation private electric grids designed to deliver highly redundant power at gigawatt scale for artificial intelligence infrastructure. The company's flagship project, Project Matador, comprises 5,236 acres near Amarillo, Texas, and plans to deliver up to 11 gigawatts of low-carbon power through an integrated energy campus featuring nuclear power, combined-cycle natural gas generation, utility grid connections, solar power, and battery energy storage. Fermi Inc. addresses the critical power demands of large-scale AI operations that exceed traditional grid capacity. The company coordinates with major energy partners like Xcel Energy and manufactures for deployment advanced generation equipment including Siemens gas turbines and is developing hybrid cooling systems to optimize water resource management. Fermi Inc. structures its business through equipment financing, long-term capital leases, and project-level financing arrangements to advance campus construction and tenant operations. Headquartered in Amarillo, Texas, and founded in 2025, the company represents a specialized infrastructure play within the energy sector, directly supporting the emerging hyperscale computing ecosystem.