Fermi targets 4.8 GW behind-the-meter power capacity within 30 months via Hillcore alliance
FRMI•Contracted customer structure and site control
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.
Hillcore alliance adds capacity without capital outlay
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.
Fermi outlines 4.8 GW buildout plan for Project Matador
Fermi outlined a buildout plan to scale Project Matador to 4.8 GW of behind-the-meter power within about 30 months.
