Project Matador (Fermi America)

Four Westinghouse AP1000 reactors planned for Fermi America's energy and data center campus with Texas Tech University. The NRC accepted the combined license application in 2025.

Fission · Conventional light-water SEE CONNECTIONS →

ANNOUNCED
DEVELOPMENT
PERMITTED
FINANCED
CONSTRUCTION
OPERATING

Power

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Fission · Scaling

Storage

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energy capacity

Online

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not announced

Capital committed

—

closed or awarded

Capital pending

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conditional or under review

How it works

Light-water

Today's fleet and most near-term SMRs. Uranium fuel heats ordinary water under high pressure; the steam spins a turbine and the water is cooled and pumped back.

OPEN IN 3D →

Others on this approach

Capital stack

0 SOURCES

No project-level financing disclosed yet.

Milestones

Sep 2025NRC accepts the combined license application for four AP1000s

Grid, permits and build

Permits: NRC accepted the first two parts of the combined license application (2025)
Who's building it: Westinghouse AP1000 reactors

Who buys and who finances

Not yet named

Exposed to

ALL CHAINS →

Russian uranium ban → enrichment squeeze → advanced reactors

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Project Matador (Fermi America)

Light-water

Capital stack

Milestones

Grid, permits and build

Who buys and who finances

Exposed to

Project Matador (Fermi America)

Light-water

Capital stack

Milestones

Grid, permits and build

Who buys and who finances

Exposed to

Dependencies

Related

Sources