Fermi America

Fermi America is a U.S.-based advanced energy and AI infrastructure company developing large-scale power and data center campuses for compute-intensive industries. Its flagship project, Project Matador, is planned for the Texas Panhandle and is designed to combine nuclear, natural gas, solar, battery storage and grid infrastructure to supply hyperscale AI data centers. The company was co-founded by former U.S. Energy Secretary Rick Perry and energy investor Toby Neugebauer. Fermi has attracted attention because it sits at the intersection of AI growth, power demand, nuclear energy and data center development, but it has also faced scrutiny over execution risk, customer acquisition and leadership changes. The company completed a U.S. IPO in 2025 and trades on Nasdaq under the ticker FRMI.