--- title: "Fermi has obtained preliminary approval for a gas-fired power plant, which will supply power to AI" type: "News" locale: "en" url: "https://longbridge.com/en/news/264255241.md" description: "Fermi Inc. has received preliminary approval to build a low-emission natural gas power plant for its artificial intelligence park. The company, co-founded by former U.S. Secretary of Energy Rick Perry, will ultimately install 11 gigawatts of generating capacity to supply the Matador park, including four conventional nuclear reactors. Fermi's goal is to provide up to 11 gigawatts of power to its data centers by 2038 through a combination of natural gas, solar energy, and nuclear power" datetime: "2025-11-04T15:14:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/264255241.md) - [en](https://longbridge.com/en/news/264255241.md) - [zh-HK](https://longbridge.com/zh-HK/news/264255241.md) --- # Fermi has obtained preliminary approval for a gas-fired power plant, which will supply power to AI Fermi Inc., an energy real estate investment trust (REIT) based in Amarillo, Texas, has received preliminary approval to construct the first phase of its low-emission natural gas power plant for its artificial intelligence (AI) campus. The company, co-founded by former U.S. Secretary of Energy Rick Perry, plans to ultimately install 11 gigawatts of power capacity to supply its Matador campus, which will include four conventional nuclear reactors. Fermi aims to provide up to 11 gigawatts of power to the on-site data center by 2038 by combining natural gas, solar energy, and nuclear power ### Related Stocks - [FRMI.US](https://longbridge.com/en/quote/FRMI.US.md) ## Related News & Research - [TSK Wins Three International Projects In Energy And Critical Raw Materials Sectors](https://longbridge.com/en/news/290275400.md) - [Fermi shareholders back Neugebauer push for strategic review to maximize value ahead of special meeting](https://longbridge.com/en/news/290263317.md) - [THE MARKET HAS SPOKEN: Wants Neugebauer and Fermi Board to Maximize Shareholder Value and Enhance Management | FRMI Stock News](https://longbridge.com/en/news/290263366.md) - [Fermi Files Definitive Consent Revocation Statement and Mails Letter to Shareholders | FRMI Stock News](https://longbridge.com/en/news/289772802.md) - [F5 (FFIV) Stock Could Be 5.2% Below Fair Value as Software Growth Narrative Builds](https://longbridge.com/en/news/290356706.md)