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Fermi Inc shares rose on Monday as it said the first six Siemens Energy AG SGT-800 natural gas turbines have arrived at private energy campus Project Matador. The Amarillo, Texas-based real estate investment trust is focused on data centres. Fermi said the Project Matador campus is expected to integrate a combined-cycle natural gas project, new nuclear power complexes, utility grid power, solar power and battery energy storage in Amarillo, Texas. The campus ‘is designed to deliver massive-scale, always-on power for the next generation of AI compute,’ the firm said. The firm said the six gas turbines will provide around a third of the first gigawatt of power produced at Project Matador. It added that the project remains on an accelerated schedule. ‘We are moving at this pace because hyperscalers-and American consumers-demand reliable, world-class power yesterday. Sure, this is a testament to our team’s unwavering drive to hit an aggressive power delivery timeline, but it’s not just about moving heavy machinery; it’s about a mission-critical commitment to our country’s energy independence and national security, without our fellow Texans having to foot the bill,’ said Fermi America Chief Executive Officer Toby Neugebauer. Shares in Fermi were up 8.3% at $8.20 on Monday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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