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Fermi America: Advanced energy and hyperscaler development company building private grid campuses for hyperscale AI, using diverse power generation.
Based in Amarillo, Texas, Fermi America is an advanced energy and hyperscaler development company that builds private grid campuses to power artificial intelligence and compute-intensive businesses. The publicly traded firm develops large-scale energy infrastructure combining natural gas, advanced nuclear power, solar, and battery storage to construct 17 gigawatts of behind-the-meter power generation capacity. Through its flagship initiative adjacent to a Department of Energy site, the organization plans to deliver 11 gigawatts of dedicated power and develop 18 million square feet of specialized AI infrastructure. Following its initial public offering, the enterprise achieved a $19 billion valuation and established a strategic workforce training and research partnership with the Texas Tech University System. Fermi America was founded in 2025 by former United States Energy Secretary Rick Perry, Griffin Perry, and former Quantum Energy Partners co-managing partner Toby Neugebauer.
Fermi America has raised $450.0M across 2 funding rounds.
Fermi America has raised $450.0M in total across 2 funding rounds.
Fermi America has raised $450.0M in total across 2 funding rounds.
Fermi America's investors include John Earl, Joshua Stevens.
Fermi America has raised $450.0M across 2 funding rounds. Most recently, it raised $100.0M Debt in February 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 20, 2026 | $100.0M Debt | John Earl | |
| Sep 2, 2025 | $350.0M Debt / Series C | Joshua Stevens |