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Fermi and Hillcore Energy Capital Announce 2.6 Gigawatt Power Strategic Alliance for Project Matador

$FRMIPress releaseAug 11, 2026, 5:15 PM ETRead the release

Fermi announced a strategic alliance with Hillcore Energy Capital to develop the 2.6 GW Hillcore Power Center at its Project Matador campus under a Build-Own-Operate-Transfer model. The agreement accelerates the site's total on-site power capacity to approximately 4.8 GW without requiring capital outlay from Fermi, shifting construction and operating risk to Hillcore.

Key figures

Gas capacity gw
2.5
Hillcore aum usd
$6 billion
Power capacity gw
2.6
Option to buy years
10
First power block mw
350
Matador potential gw
17
Total on site power gw
4.8
Solar storage capacity mw
100
Time to first power months
24

AI analysis

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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.