{"id":"10010870-fc71-428e-b78e-66f972d37c33","slug":"fermi-amarillo-texas","name":"Fermi America HyperGrid (Project Matador)","aliases":[],"locationId":"6849f027-3dde-4d07-a4fc-819337209551","lat":35.2837621,"lng":-101.568974,"locationPrecision":"exact","landStatus":"private","lifecycleState":"under_construction","powerSourceMix":"mixed","interconnectionQueueStatus":"No interconnection queue position: the campus is built behind the meter, generating its own power on site rather than waiting for a grid connection. The Panhandle location sits in Southwest Power Pool territory served by Xcel, not ERCOT.","interconnectionQueueId":null,"expectedEnergizationDate":null,"dedicatedSubstation":null,"gridOperator":"SPP","waterSourceNotes":"Municipal water off the Ogallala. Amarillo agreed to sell the campus 2.5 million gallons a day on a 20 year contract with two 10 year renewal options, at twice the rate a commercial user inside the city pays, and Fermi covers the cost of the two new Carson County wells the city needs to supply it. Fermi's own filing puts its expected need at up to 5.5 million gallons a day, and the city expects it back asking for that. Use is metered, but neither the water agreement nor the tax abatement says what happens if Fermi exceeds it.","servingUtility":null,"acreage":null,"totalBuildingSqft":null,"streetAddress":null,"notes":"Fermi America (Fermi Inc, co-founded by former Energy Secretary Rick Perry, partnered with the Texas Tech University System) is building 'Project Matador,' an announced 11 GW behind-the-meter HyperGrid campus on ~7,570 acres near the DOE Pantex plant in Amarillo, combining nuclear, combined-cycle gas, solar, wind and battery storage on a private grid rather than the public network. The generation is the story and is largely unbuilt: the first 1 GW is targeted online by late 2026, and Fermi is delivering an initial 2.3 GW phase. Fermi went public on Nasdaq (~$15B valuation, $682.5M IPO raise) with over $1.4B invested in site buildout to date.","keyFacts":[],"reviewStatus":"reviewed","sources":[{"url":"https://www.texastech.edu/stories/25-06-ttu-system-and-fermi-america-announce-partnership.php","title":"TTU System and Fermi America Announce the World's Largest Advanced Energy and Intelligence Campus","sourceName":"Texas Tech University System"},{"url":"https://www.datacenterdynamics.com/en/news/fermi-makes-stock-market-debut-valued-at-almost-15bn/","title":"Fermi makes stock market debut, valued at almost $15bn","sourceName":"DataCenterDynamics"},{"url":"https://www.prnewswire.com/news-releases/fermi-america-makes-initial-draw-on-200-million-equipment-facility-from-keystone-national-group-and-cape-commercial-finance-to-accelerate-the-delivery-of-the-first-2-3gw-of-project-matadors-11gw-private-hypergrid-campus-302693111.html","title":"Fermi America Makes Initial Draw on $200M Equipment Facility to Accelerate First 2.3GW of Project Matador's 11GW HyperGrid","sourceName":"PR Newswire / Fermi America"},{"url":"https://www.sec.gov/Archives/edgar/data/0002071778/000121390026078366/ea029807401ex99-1.htm","title":"Fermi Inc. Form 8-K FY2026 exhibit","sourceName":"SEC EDGAR"},{"url":"https://www.gem.wiki/Fermi_America_Project_Matador_power_station","title":"Fermi America Project Matador power station","sourceName":"Global Energy Monitor"},{"url":"https://www.prnewswire.com/news-releases/fermi-america-and-mvm-egi-announce-water-saving-hybrid-cooling-agreement-for-worlds-largest-private-energy-grid-delivering-on-promises-made-to-protect-west-texas-water-resources-302628904.html","title":"Fermi America and MVM EGI Announce Water-Saving Hybrid Cooling Agreement","sourceName":"PR Newswire"},{"url":"https://amarillotribune.org/2025/11/05/just-facts-fermi-america-and-project-matador/","title":"Just facts: Fermi America and Project Matador","sourceName":"Amarillo Tribune"}],"reviewNote":null,"createdAt":"2026-08-17T18:12:44.213Z","updatedAt":"2026-08-28T19:20:48.849Z","location":{"id":"6849f027-3dde-4d07-a4fc-819337209551","name":"Amarillo","slug":"amarillo-texas","kind":"city","parentLocationId":"45f67762-10f4-4255-be84-45c73efe25f9","region":"Texas","lat":35.3187,"lng":-101.5601,"reviewStatus":"reviewed","aliases":[],"collisionRisk":"high","reviewNote":null,"createdAt":"2026-08-17T18:12:43.819Z","updatedAt":"2026-08-21T17:59:24.016Z"},"parties":[{"id":"1e8c9a8d-8ce4-43c5-ad77-93a2fcfa4dda","dataCenterId":"10010870-fc71-428e-b78e-66f972d37c33","companyId":null,"externalName":"Fermi America (Fermi Inc)","role":"developer","structureNotes":"Developer/owner; co-founded by former US Energy Secretary Rick Perry. Publicly traded on Nasdaq.","createdAt":"2026-08-17T18:12:49.818Z","company":null},{"id":"e5bfb3fb-fdcc-4ed0-b0ed-4e93b949d3d8","dataCenterId":"10010870-fc71-428e-b78e-66f972d37c33","companyId":null,"externalName":"Texas Tech University System","role":"developer","structureNotes":"Partner in the HyperGrid campus.","createdAt":"2026-08-17T18:12:50.569Z","company":null},{"id":"62157e9d-6c82-4378-ba1b-3dd1c1c48745","dataCenterId":"10010870-fc71-428e-b78e-66f972d37c33","companyId":null,"externalName":"Keystone National Group / Cape Commercial Finance","role":"financier","structureNotes":"$200M equipment financing facility.","createdAt":"2026-08-17T18:12:51.331Z","company":null},{"id":"6f55c14e-2845-47a8-9074-d26c13904a10","dataCenterId":"10010870-fc71-428e-b78e-66f972d37c33","companyId":null,"externalName":"SPP","role":"grid_operator","structureNotes":"Amarillo/Texas Panhandle sits in SPP territory; however the campus is designed behind-the-meter on a private grid, cutting out utilities.","createdAt":"2026-08-17T18:12:52.131Z","company":null}],"capacityClaims":[{"id":"b2cdcc96-3daa-4b4a-87b8-637509ab2a79","dataCenterId":"10010870-fc71-428e-b78e-66f972d37c33","series":"announced","valueGw":11,"asOf":"2025-06-26T00:00:00.000Z","sourceUrl":"https://www.texastech.edu/stories/25-06-ttu-system-and-fermi-america-announce-partnership.php","sourceType":"press_release","evidenceTier":"claimed","supersedesId":null,"note":"Up to 11 GW of power and 18M sq ft of AI capacity across ~5,800 acres (site total ~7,570 acres secured/leased).","createdAt":"2026-08-17T18:12:44.900Z"},{"id":"57104b60-2ed1-4b39-9f2c-c8c37a5e791e","dataCenterId":"10010870-fc71-428e-b78e-66f972d37c33","series":"energized","valueGw":0,"asOf":"2026-08-17T00:00:00.000Z","sourceUrl":"https://www.myhighplains.com/news/your-local-election-hq/amarillo-ai-data-center-project/fermi-america-pauses-construction-near-amarillo-while-waiting-for-tceq-permits/","sourceType":"journalist_report","evidenceTier":"reported","supersedesId":null,"note":"Project Matador/HyperGrid construction paused awaiting TCEQ air permits; ~1.1 GW-by-end-2026 goal pulled back to phased Phase-1 startup in H1 2027. 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