MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Fermi picks Primoris for Texas power plant work in ‘landmark’ deal

ALN

Fermi Inc on Tuesday said it has selected Primoris Energy Services, of Primoris Services Corp, for ‘balance of plant’ engineering and construction on the facility powering its Project Matador campus.

The real estate investment trust, which is focused on data centres and its power grid development in Texas, said Primoris will engineer and construct the balance of plant for the first six SGT-800 gas turbines anchoring its phase one power buildout.

It said the agreement covers the engineering, procurement, and construction scope for the simple cycle phase of its 6x1 combined cycle generating facility, which will be adjacent to the Project Matador hyperscale computing and data centre campus in Amarillo, Texas.

Fermi noted that Primoris mobilised to the Matador site under earlier work, completing the bathtub excavation for all six gas turbine power islands and taking delivery of balance of plant material to support underground utility installation.

‘This is exactly the kind of decisive, builder-first agreement that defines Fermi’s 2.0 execution strategy: partnering with the best contractors in the business, locking in proven performers, and converting ambition into steel in the ground,’ the company states. ‘This milestone represents an important step forward for the project, with Fermi aiming to compress timelines, de-risk delivery, and make unmistakably clear that phase one is not a someday vision. It is happening now.’

Fermi America Co-President Jacobo Ortiz, meanwhile, commented: ‘This is an exciting day for Fermi and a powerful validation of how we execute. Primoris’ work to date on the site has been nothing short of exemplary. They mobilised fast, they delivered quality, and they have earned our confidence at every turn.

‘Expanding our partnership to the balance of plant for our first six SGT-800s is precisely what Fermi 2.0 is about: aligning with world-class partners who share our dedication and standards, and turning bold plans into operating infrastructure.’

Fermi shares were down 2.9% at $9.20 on Tuesday afternoon in London.

Copyright 2026 Alliance News Ltd. All Rights Reserved.