Fermi targets 4.8 GW behind-the-meter power capacity within 30 months via Hillcore alliance

Reuters2026/08/17 14:36

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Fermi outlined a buildout plan to scale Project Matador to 4.8 GW of behind-the-meter power within about 30 months.
A strategic alliance with Hillcore targets about 2.6 GW of incremental capacity with no capital outlay from Fermi.
Fermi plans to continue its own 2.2 GW build in parallel, aiming to shorten delivery timelines versus a standalone build.
The structure keeps base rent from customer leases for Fermi, adds Hillcore campus rent, and ties each megawatt to a contracted customer.
Fermi retains control of the site’s power architecture, with an option to buy the Hillcore facility at fair market value after year 10.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fermi Inc. published the original content used to generate this news brief on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fermi targets 4.8 GW behind-the-meter power capacity within 30 months via Hillcore alliance

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