#USA #Dallas #Electric Grids #Fermi #Larry Kellerman

Fermi Inc. Welcomes Larry Kellerman to Its Board of Directors

On May 5, 2026, Fermi Inc. (known as Fermi America and listed on NASDAQ as FRMI and on LSE as FRMI), a leading developer of innovative private electric grids tailored for artificial intelligence applications, proclaimed the latest addition to its Board of Directors: Larry Kellerman. Appointed as an independent director, Kellerman is expected to bring invaluable industry experience and strategic insights to the company as it pushes toward its long-term goals.

Marius Haas, the Board Chairman, expressed excitement about Kellerman's appointment, emphasizing that his extensive four-decade background in the electric power industry would greatly benefit Fermi's strategic plans. “Larry is the ideal fit for our Board as we strive to oversee the execution of Fermi's ambitious priorities,” said Haas. He is confident that Kellerman's technical acumen will be pivotal in steering the company as it enhances its utility-scale private grid initiatives, ensuring both efficiency and reliability.

In his acceptance, Kellerman reflected on nearly 40 years of experience at the crossroads of regulated electric utility operations and technological innovation. He noted, “Fermi is at a unique position to capitalize on the convergence of utility-based power services and private utility-scale power generation.” His enthusiasm is palpable as he prepares to lend his expertise to foster Fermi's next stages of development and shareholder value realization.

Kellerman's board nominations came through designation rights from an affiliate of Toby Neugebauer. Despite the nomination process, he made it clear that his focus will be on representing the broader shareholder interests at Fermi, showcasing his commitment to a collaborative governance approach.

About Larry Kellerman

Larry Kellerman’s career is marked by transformative leadership in the electric power sector. He co-founded and currently serves as Managing Partner of Twenty First Century Utilities, a firm that specializes in financial transactions and development in the electric power landscape. His association with Fermi dates back to the company’s inception, advising on strategic power generation initiatives.

Previously, he held significant positions, including being the CEO of Atlantic Power Utilities and Quantum Utility Generation, along with a partnership at Goldman Sachs where he established a robust power generation business. His early career included foundational roles at El Paso Corporation and Citizens Power, as well as leadership positions at Portland General Electric and Southern California Edison.

Kellerman earned a B.A. in Management from the University of California, Davis, and later obtained an MBA in Finance from West Coast University in Los Angeles.

About Fermi America™

Fermi America™ is on the frontier of next-generation private electric grid technology, providing gigawatt-scale power solutions geared toward next-gen intelligence and artificial intelligence operational needs. The company stands out with its ambitious aim to construct the world's largest private grid, harnessing a blend of advanced technology and experienced leadership – boasting a commendable record of over 25 gigawatts of collective experience.

The foremost Project Matador aims to incorporate America’s largest combined-cycle natural gas project and a major nuclear power complex, alongside solar and battery energy storage solutions, to meet the growing demands of hyperscale AI and advanced computing.

As Fermi continues to innovate and expand, the addition of Larry Kellerman to its Board marks a significant step in fulfilling its vision of energy sustainability and technological advancement in the electric utility realm.