Rich Peter
Investor, Crypto, US Stocks & High-Dividend ETFs
Fermi's services agreement with TSK, Spain's leading power EPC firm, de-risks Project Matador and confirms its AI data-center buildout remains on schedule. TSK will handle front-end engineering, permits and site preparation for three Siemens gas turbines in Phase 2. Per JMP Securities, OpenAI is evaluating and touring the site; a binding lease would cement Fermi's standing. Its private microgrid, targeting 1.5 GW by late 2027 and 17 GW by 2038, bypasses grids like ERCOT. x.comÂ
Fermi has become a pure-play AI power infrastructure name as OpenAI reportedly negotiates a lease at its Project Matador hyperscale data center complex, per mid-June analyst notes. Its off-grid model bundles land, permitting, private gas pipelines and on-site power, cutting hyperscalers' deployment timelines by 18-24 months amid multi-year grid queues. The campus is on track for 1.5 GW by 2027, targeting 17 GW by 2038. A Simply Wall St DCF puts fair value near $23.11, versus a price below $10. x.comÂ
Fermi's first data center tenant is a massive one, making this a high-conviction setup. TensorWave signed a binding lease at Project Matador in Texas, with phase one locking in 222 megawatts and about $6.5 billion of contracted revenue over 15 years, and expansion rights could take it past 650 megawatts. Part of the lease is expected to carry a guarantee from a major AI name. Construction is 6 gigawatts into a 17-gigawatt build, first power is targeted for 2026, and volume shows accumulation. … Show more
Fermi is an overlooked way to play AI because almost no one is watching who powers the chips. Rick Perry's company has built an 11 GW private, behind-the-meter energy grid for AI hyperscalers, with a 6 GW Clean Air Permit, a nuclear pilot, $785M in new equipment financing and a $500M MUFG loan. At $9.5, the stock sits well below analyst targets of $20 or more, and two buy signals are in play. x.comÂ
Fermi's pullback on its $375 million convertible note looks like a chance to buy the fear, because the capital funds its gigawatt-scale Project Matador AI power campus in Texas. Capped calls limit dilution for shareholders up to $14.64 a share. Demand for dense, redundant power for hyperscalers keeps accelerating, with reports of possible major tenant interest such as OpenAI. Analyst targets sit well above the price, and with the proxy fight over, management can focus on execution. x.comÂ
Nvidia is now underwriting land and power, not just selling chips, securing demand for its AI factories years ahead. It has secured land, power and shell capacity at SB Energy's PORTS-Pike campus in Ohio, which will exclusively host Nvidia AI factories, with OpenAI leasing 8 IT-GW for 20 years. Nvidia provides credit support and invests $1.5 billion in SB Energy alongside SoftBank and OpenAI, and capacity phases in from 2028. It is bullish, with the circularity stated plainly. x.comÂ
Energy Vault has hit a huge execution milestone in powering hyperscale AI campuses. It locked in 275MW of Rolls-Royce MTU engine capacity with financing lined up through Eagle Point Credit, and Italy named its Sardinia AI project of pre-eminent national strategic interest, which speeds approval. The stock has broken out of a falling wedge; $4.46 is the trigger for continuation above $4.50. x.comÂ
TeraWulf is a play on the AI capacity shortage, as big AI companies and labs race to lock in capacity years ahead. It builds power-backed AI data centers, and Anthropic signed a 20-year deal with it for 401MW. AI cloud backlogs have surpassed $150B, and one provider said it could sell out its 2027 capacity at today's terms. x.comÂ
Gas turbines, not nuclear or renewables, are the real AI infrastructure bottleneck, and GE Vernova owns that chokepoint. Its order book is full through 2029 and now booking into 2031, turbine prices are up 300% in three years to over $250 million each, and AI and data centers make up 20% of its gas power orders. Microsoft bought seven turbines for 2.7GW in Texas, and xAI's Colossus and OpenAI's Stargate already run GE Vernova turbines. Nuclear headlines are noise; gas powers the build now. x.comÂ
New Era Energy & Digital is a high-conviction power-first infrastructure bet: its Texas Critical Data Center pairs ERCOT grid access with on-site gas generation to skip multi-year interconnection queues. The 438-acre Permian Basin campus targets 1 gigawatt. A $290M Macquarie financing funds the initial phases and retired costly SharonAI debt, while partners Stream Data Centers and Energy Dome cut execution risk. Next catalysts: building the first 200MW phase and signing an anchor tenant lease. … Show more
AI infrastructure operators such as Core Scientific, CoreWeave, Galaxy Digital and TeraWulf benefit if out-year gigawatt projections are not met. Constraints on power generation, grid transmission, labor and wafer capacity limit how many debt-financed data centers and chips get built, which is healthier longer term if the build-out is funded from operating cash flow. @LEJCapital counters that this assumes demand keeps growing exponentially and stays far above supply. x.com x.comÂ
Turbine and generation capacity, not chips or grid interconnect queues, is the real AI bottleneck in 2026, which favors gas turbine makers GE Vernova, Siemens Energy and Mitsubishi Heavy Industries. Oilfield services company SLB partnering with Liberty Energy on data center power infrastructure shows the picks-and-shovels trade has moved down another layer. x.comÂ
