Fermi America Secures South Korean Nuclear Deals for Texas Data Center Power

Fermi America has secured strategic agreements with South Korean firms Doosan Enerbility and Hyundai Engineering & Construction to advance its nuclear power projects, particularly for the development of four AP1000 nuclear reactors aimed at powering a large energy and data center campus called Project Matador in Texas. These deals, signed ahead of President Donald Trump's visit to South Korea, include forging production of critical long-lead-time nuclear equipment and front-end engineering design work, positioning Fermi prominently in the Westinghouse AP1000 reactor market. The project aims to create America's first clean new nuclear power grid, supporting AI infrastructure with up to 11 gigawatts of power from nuclear, natural gas, and solar sources. Fermi's stock price has responded positively to these developments, rising significantly following its recent IPO and the announcement of these partnerships. The company anticipates a full engineering, procurement, and construction agreement with Hyundai E&C by early 2026, marking a long-term collaboration. These agreements underscore Fermi's commitment to building advanced nuclear power efficiently and affordably while leveraging global expertise from its allies.