Fermi America Deepens Strategic Partnership with Hyundai E&C to Lead the Return of Large-Scale Nuclear Construction in the U.S. with Project Matador
MWN-AI** Summary
Fermi America has intensified its strategic collaboration with Hyundai Engineering & Construction (Hyundai E&C) as part of Project Matador, aimed at revitalizing large-scale nuclear construction in the U.S. This initiative centers around the design and planning of four AP1000 units, contributing to Fermi’s ambitious 11-gigawatt private energy campus near Amarillo, Texas.
The partnership was showcased during Hyundai E&C's Large-Scale Nuclear Technology Seminar, where industry leaders convened to explore the requirements and challenges of building large-scale nuclear facilities in today’s market. This collaboration aims to strengthen the U.S. nuclear supply chain and enhance workforce readiness to support Project Matador and other nuclear endeavors, which are critical given the rising energy demands from sectors increasingly reliant on AI and advanced manufacturing.
Fermi America and Hyundai E&C are actively engaged in Front-End Engineering Design (FEED) activities for the nuclear units, focusing on aspects like site layout, cooling systems, and cost development. The potential revival of large-scale nuclear construction is viewed as vital, especially after decades of stagnation in the sector. According to Fermi's CEO Toby Neugebauer, the collaboration with Hyundai E&C—recognizing their experience in constructing 24 nuclear reactors efficiently—positions Fermi to potentially lead a renaissance in U.S. nuclear power.
As demand for substantial, reliable energy sources escalates, Fermi America is poised to play a pivotal role in bolstering the nuclear power landscape, ensuring readiness to meet future energy requirements through initiatives like Project Matador. This partnership marks a significant step towards rebuilding the necessary infrastructure and capacity to deliver large-scale nuclear energy solutions in the U.S., reaffirming Fermi America’s commitment to energy innovation.
MWN-AI** Analysis
Fermi America's recent deepening of its strategic partnership with Hyundai Engineering & Construction (Hyundai E&C) signals a pivotal moment for the U.S. nuclear sector, specifically with their ambitious Project Matador in Texas. As the nation confronts increasing power demands driven by advancements in AI and industrial growth, nuclear energy stands out as a reliable, large-scale baseload power solution.
Investors should monitor Fermi America (Nasdaq & LSE: FRMI) closely as the company embarks on constructing four AP1000 nuclear units. With Hyundai E&C’s proven track record in successfully building nuclear reactors and their engagement in the U.S. market, this collaboration could significantly hasten our nuclear renaissance. Notably, the favorable regulatory environment, reinforced by active engagement with the Nuclear Regulatory Commission (NRC), presents a conducive backdrop for new nuclear projects.
The ongoing Front-End Engineering Design (FEED) work beyond site planning and evaluations highlights Fermi's robust preparations for Project Matador. This groundwork positions the company advantageously for potential future contracts and funding opportunities, particularly as governmental and institutional support for clean energy burgeons.
From a financial analysis perspective, Fermi America’s strategic initiatives may enhance its growth prospects. However, investors must remain vigilant regarding the inherent uncertainties and risks associated with large-scale infrastructure projects. As highlighted by Mesut Uzman, the urgency for accelerated deployment of energy infrastructure aligns with national strategies for sustainable growth.
Given the historical hesitance surrounding nuclear plant constructions in the U.S., Fermi’s partnership could redefine the energy landscape. The synergy of nuclear expertise and U.S. market readiness suggests promising long-term growth potential. Thus, for investors looking to gain exposure to the burgeoning clean energy sector, Fermi America represents a compelling opportunity, particularly amidst an environment increasingly favoring strategic energy initiatives.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Fermi America Deepens Strategic Partnership with Hyundai E&C to Lead the Return of Large-Scale Nuclear Construction in the U.S. with Project Matador
PR Newswire
- Fermi America joined Hyundai E&C's Large-Scale Nuclear Technology Seminar in Dallas to engage contractors and strengthen U.S. nuclear supply chain and workforce readiness.
- Ongoing FEED work advances planning for four AP1000 units supporting Project Matador, Fermi America's 11GW private energy campus outside Amarillo, Texas.
AMARILLO, Texas, Feb. 11, 2026 /PRNewswire/ -- FRMI)%2C+operating+as+Fermi+America%E2%84%A2" rel="nofollow" target="_blank">Fermi Inc. (d/b/a Fermi America) (Nasdaq & LSE: FRMI), operating as Fermi America™, today highlighted continued progress in its strategic partnership with Hyundai Engineering & Construction Co., Ltd. (Hyundai E&C) to help restart large-scale nuclear construction in the United States, including ongoing Front-End Engineering Design (FEED) work supporting four AP1000 units planned for Fermi America's Project Matador, an 11-gigawatt private energy campus outside Amarillo, Texas.
Fermi America is building this partnership as part of its long-term strategy to bring proven nuclear success and global delivery capability back to America and accelerate the deployment of the reliable, large-scale baseload power needed to meet rapidly rising demand for power in America.
As part of the partnership, Fermi America participated in Hyundai E&C's Large-Scale Nuclear Technology Seminar on Feb. 10 at The Westin Dallas Downtown. The event brought together leaders from across the U.S. construction and nuclear sectors for practical, discipline-specific sessions on what it takes to build large-scale nuclear projects in today's market. It also provided an opportunity to engage Texas and national contractors, strengthen supply chain readiness, and align industry partners around the execution demands of next-generation nuclear development.
The seminar covered key construction disciplines and execution topics including nuclear construction standards, modular construction concepts and procedures, major mechanical installation disciplines, specialized nuclear construction works, heavy lifting, nuclear plant building systems, and workforce development and training for skilled nuclear personnel. The event drew strong participation from Texas-based construction companies and major stakeholders across the U.S. nuclear and construction sectors.
With large-scale nuclear construction in the United States largely stalled for decades, Fermi America believes Project Matador represents a critical opportunity to restart American nuclear build capability at scale.
"It's a very short line of companies eager to do nuclear here in America," said Toby Neugebauer, CEO and Co-Founder of Fermi America. "The list is even shorter when you consider the projects with a COL accepted for review, active NRC engagement, and a highly characterized site that are ready to break ground this year.
As in only one.
Fermi is proud to partner with Hyundai, the only global company to have successfully built 24 nuclear reactors, ten of them simultaneously, on time and on budget. Their expertise, talent, and financial commitment, together with Westinghouse AP1000s means that with DOE and DOC support, the American nuclear renaissance can restart July 4th."
Fermi America and Hyundai E&C are currently advancing FEED activities including site layout planning, cooling system evaluations, and cost and schedule development. These efforts are intended to strengthen project readiness and support progress toward a potential engineering, procurement, and construction (EPC) pathway.
Mesut Uzman, Chief Nuclear Construction Officer of Fermi America and CEO of Fermi Nuclear LLC, delivered remarks emphasizing the urgency of accelerating major energy infrastructure deployment.
"AI-driven load growth is accelerating faster than most people realize," said Uzman. "The next decade will be defined by those who can build power infrastructure fast enough to support AI and industrial growth. Hyundai brings the industrial scale and execution discipline needed to deliver significant energy projects like Fermi America's Project Matador. We see this partnership with Hyundai E&C as a critical step toward rebuilding U.S. energy capacity."
Through its partnership with Hyundai E&C, Fermi America is working to mobilize contractors, strengthen the workforce pipeline, and rebuild the nuclear supply chain required to deliver new large-scale nuclear power plants in Texas and across the United States.
Project Matador is being developed to deliver reliable baseload power at scale to support America's fastest-growing electricity demand, including AI infrastructure, data centers, advanced manufacturing, and other critical industries.
For media inquiries:
Lexi Swearingen
Media@FermiAmerica.com
Fermi America™ official business information
Legal Entity: Fermi Inc. (d/b/a Fermi America) (Nasdaq & LSE: FRMI)
Brand Name: Fermi America™
Address: 620 S Taylor St #301 Amarillo, TX 79101-2436
Website: https://fermiamerica.com/
About Fermi America™:
Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. 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 with a combined 25 GW of experience, to create the world's largest, 11 GW next-gen private grid, helping ensure America's energy and AI dominance. 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 support hyperscale AI and advanced computing.
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.
Forward-Looking Statements
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SOURCE Fermi America
FAQ**
How does Fermi America’s strategic partnership with Hyundai E&C align with the company's vision to lead the return of large-scale nuclear construction in the U.S., specifically through its Project Matador initiative, as highlighted by Fermi Inc. (FRMI)?
What specific advancements in Front-End Engineering Design (FEED) work for the four AP1000 units will Fermi America make to ensure Project Matador's success, and how does this relate to Fermi Inc. (FRMI)'s overall business strategy?
Given the challenges faced by the U.S. nuclear construction sector, what measures will Fermi America take to mobilize contractors and enhance workforce readiness in collaboration with Hyundai E&C, considering Fermi Inc. (FRMI)’s past experiences?
How does Fermi America plan to address the expected rise in electricity demand driven by AI and industrial growth through Project Matador, and what role does this play in Fermi Inc. (FRMI)’s long-term operational strategy?
**MWN-AI FAQ is based on asking OpenAI questions about Fermi Inc. (NASDAQ: FRMI).
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