Fermi's AI Power Grid Plans Hit by Major Setback

Fermi Incorporateds shares plummeted by up to 51% in pre-market trading following a key tenants cancellation of a $150 million agreement for their AI-focused private power grid project in West Texas. Despite this setback, Fermi, co-founded by former Texas governor and US Energy Secretary Rick Perry, remains optimistic, with ongoing discussions for new electricity customers and a planned power delivery start in 2026.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.