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Fermi Unit Enters Electric Service Deal with Xcel Energy's SPS for US Project

MT Newswires·12/08/2025 03:16:11
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03:16 AM EST, 12/08/2025 (MT Newswires) -- Private grids company Fermi (FRMI.L) said Monday its unit Fermi America signed an electric service agreement with Xcel Energy unit Southwestern Public Service Co. for its 11-gigawatt Matador Campus project in Texas, US. Under the agreement, SPS will initially deliver 86 megawatts of electrical capacity through its high-voltage transmission system starting in January 2026, with plans to increase supply to up to 200 MW over time.