Fermi America and Hillcore Energy Capital form partnership to develop 2.6GW natural gas-anchored power plant for Project Matador in Texas

Type: Partnership · Technology: Gas · Country: United States · Announced: 2026-08-13

Fermi America partnered with Hillcore Energy Capital to develop the Hillcore Power Center, a 2.6GW natural gas-anchored power plant in Amarillo, Texas, to supply energy for Project Matador, a planned 17GW data center and energy campus. The facility will include 2.5GW of natural gas-fired generation developed in phases, alongside approximately 100MW of solar generation and battery energy storage. Construction of the first 350MW power block is expected to commence upon definitive agreements, with first power anticipated within 24 months of notice to proceed. Fermi America, founded in January 2025 by former Texas governor Rick Perry and Toby Neugebauer, aims to deliver dedicated behind-the-meter power to tenants at Project Matador, leveraging Hillcore's financing, construction, and operational capabilities. The project is part of Fermi's broader 17GW campus initiative on land owned by the Texas Tech University system, with 6GW already permitted and over $1.5 billion invested to date.

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