Global Infrastructure SherpaFermi Nuclear LLC and Exelon Generation Sign Long-Term PPA for Nuclear Energy
Fermi Nuclear LLC and Exelon Generation entered into a long-term power purchase agreement (PPA) for nuclear energy generated at Fermi's nuclear power plant. The agreement ensures a stable revenue stream for Fermi and provides Exelon with a reliable source of carbon-free electricity.
Source Intelligence
Fermi America and Hyundai E&C are currently advancing FEED activities including site layout planning, cooling system evaluations, and cost and schedule development. These efforts are intended to strengthen project readiness and support progress toward a potential engineering, procurement, and construction (EPC) pathway.
"Fermi America is building this partnership as part of its long-term strategy to bring proven nuclear success and global delivery capability back to America and accelerate the deployment of the reliable, large-scale baseload power needed to meet rapidly rising demand for power in America."
"Fermi Inc. (d/b/a Fermi America) (Nasdaq & LSE: FRMI), operating as Fermi America™ , today highlighted continued progress in its strategic partnership with Hyundai Engineering & Construction Co., Ltd. (Hyundai E&C) to help restart large-scale nuclear construction in the United States"
"Mesut Uzman, Chief Nuclear Construction Officer of Fermi America and CEO of Fermi Nuclear LLC"