Fermi America has been visionary in its pursuit of revolutionary change in the production of energy. They have provided their joint COL application to construct AP1000 nuclear units in the U.S. This application, which was submitted in June of 2025, has now made it through to acceptance as being under review. Fermi America is excited to work with Hyundai Engineering & Construction (E&C) and the Texas Tech University System. Collectively, they’ll make real nuclear power a part of the world’s largest privately financed grid project, aimed at deploying next-generation artificial intelligence.
This contract lays the groundwork for them to work together to design and deploy a safe, clean, nuclear power solution. This collaborative effort has become a lifeline for the clean energy sector. It seeks to meet increasing energy needs while transitioning to a more sustainable future.
Project Overview and Collaboration
Fermi America is leading the charge on a truly ambitious effort that may one day see advanced nuclear power play a key role in a mammoth private grid solution. Partnering with Hyundai E&C would be essential. They have an impeccable track record operating, planning, constructing and deploying nuclear energy facilities. This collaboration brings together the combined expertise of both companies to provide safe, low-cost, and reliable clean nuclear energy.
Texas Tech University System adds an intriguing academic layer to the project. This engagement ensures that cutting-edge research and development will shape the design and operation of the nuclear prototypes. This partnership is a reminder of the tremendous power that partnership between industrial capability and educational resources can have in spurring innovation in energy solutions.
“We have been impressed by the executive team Fermi America has assembled, bringing together seasoned leaders in their respective fields.” – Hanwoo Lee, Hyundai E&C CEO
Significance of the MoU
The signing of the MoU is a strategic move that lays down clear terms for the partnership between Fermi America and Hyundai E&C. The agreement emphasizes their shared goal: to harness nuclear energy safely and efficiently within the context of the private grid project. This initiative is particularly significant as it aligns with global efforts to transition towards cleaner energy sources amid increasing environmental concerns.
Both companies understand the imperative of moving faster in the development of new nuclear energy solutions. At the same time, technological advances are driving demands for more electricity through electrification and economic transformation. This partnership is designed to position both organizations as leaders in the energy industry.
“America doesn’t have time to practice – we need to work with proven partners like Hyundai, who have a successful track record of planning and building safe, clean, new nuclear energy. Welcome to Texas!” – Toby Neugebauer, Fermi America co-founder
Future Prospects
As Fermi America and Hyundai E&C move forward with their plans, there will be many industry experts watching their progress with great interest. The successful implementation of this project could set a precedent for future nuclear initiatives in the United States and beyond.
The deal represents a strong commitment between the two partners to modernize America’s approach to energy challenges through cutting-edge innovation. Now that the MoU has been signed, it seems both companies are poised to take significant steps forward. Their innovation will provide the clean nuclear power that will meet the needs of tomorrow’s technology.
