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Fermi Inc on Tuesday said its Matador project has been granted preliminary approval for over half of the natural gas-based power generation of its projected campus. Fermi said the Texas Commission on Environmental Quality gave preliminary approval for 6 gigawatts of clean natural gas-based power generation out of the estimated 11GW campus. The approval is subject to a formal meeting and ongoing process for public input. The Amarillo, Texas-based real estate investment trust, which focuses on data centres, intends for Matador to become one of the world’s largest clean natural gas projects. Fermi America holds a 99-year sovereign lease with Texas Tech University covering approximately 5,855 acres, granting exclusive use rights for the development and operation of nuclear, solar, and natural gas energy infrastructure, as well as water access and pore space. The company said the 6GW of clean energy is to be removed from public grid demand, which it says is ‘empowering national security while protecting American pocketbooks’. Fermi said it ‘plans to integrate zero emissions solar into its power supply plan and utilise the latest technology and hybrid cooling systems, ensuring protection of air quality and water conservation.’ Co-founder & Chief Executive Toby Neugebauer said: ‘At Fermi, our private grid model ensures that the growing demand for AI is met privately - freeing up power on the public utilities to serve homes, schools, hospitals, and small businesses as intended. ‘Together with our partners, we’re building one of the cleanest, most efficient power fleets in the world, driven by American innovation - without asking taxpayers to foot the energy bill for the world’s largest, highest-margin companies.’// Shares in Fermi fell 7.9% to $26.70 on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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