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Fermi Inc on Monday said it has inked a memorandum of understanding with hybrid dry-wet cooling innovator MVM EGI Zrt, for the development of a next generation cooling system at Fermi’s 11 gigawatt energy grid campus. The Amarillo, Texas-based real estate investment trust, which focuses on data centres, said the non-binding memorandum sees Fermi America and MVM EGI team up on preliminary engineering as well as feasibility studies for a series of indirect hybrid cooling towers. These towers are set to support both of Project Matador’s 6 gigawatts of combined-cycle natural gas generation and four AP1000 nuclear units, said Fermi. ‘Together, the companies will define cooling requirements, evaluate tower configurations, assess site and height constraints, and model the water-saving performance that hybrid cooling can deliver at scale,’ the company said. Fermi shares were down 1.5% at $16.10 on Monday afternoon in London. The construction of the initial cooling tower is set to commence in January next year, with it expected that the full cooling system will complete by 2034 to match the phased-build out of the gas and nuclear units. ‘Fermi isn’t some out-of-town operation parachuting in. Our leadership is from West Texas - we grew up on this dirt, and we care about the land and its resources,’ stated Fermi America Co-Founder & Chief Eductive Toby Neugebauer. ‘As promised, we’re working with global innovators like MVM to ensure Project Matador complements the long-term water needs of the region, building something big, but doing it the right way.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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