#USA #Amarillo #Fermi America #Texas Tech #Hyundai Engineering

Fermi America Partners with Hyundai Engineering for AI Power Grid

Fermi America, in collaboration with the Texas Tech University System, is making waves in the energy sector with its recent announcement of a partnership with Hyundai Engineering & Construction (Hyundai EC). The two companies have signed a memorandum of understanding (MOU) aimed at developing the nuclear component of what they claim will be the world’s largest private grid system, tailored specifically for next-generation artificial intelligence (AI) applications.

A Vision of the Future

The aim of this ambitious project is to deliver a robust and reliable energy supply necessary for powering advanced AI technologies. Fermi America’s co-founder, Toby Neugebauer, expressed immense optimism at the signing in Seoul, South Korea, highlighting the need for fast-paced action. “America doesn’t have time to practice – we need proven partners like Hyundai,” he stated, reinforcing the urgency that underpins this cutting-edge initiative.

Hyundai EC is already well-prepared for this venture, boasting a substantial track record in nuclear engineering. The organization has completed 22 nuclear projects globally and currently has four more underway, including two reactors at the Barakah Nuclear Power Plant in the UAE. Notably, the Barakah project is celebrated as one of the most successful international nuclear endeavors, having completed all units on budget and ahead of schedule.

Combining Forces

Under the terms laid out in the MOU, Fermi America and Hyundai EC will jointly design and execute the nuclear energy component for the private grid. This project will also integrate multiple energy sources, including natural gas, solar power, and battery storage, to achieve an impressive power output of up to 11 gigawatts (GW).

The collaboration encompasses not only immediate planning but also comprehensive studies and design work to ensure the project’s feasibility and safety. The MOU indicates a commitment to developing nuclear facilities that prioritize safety and environmental sustainability, critical factors in today’s energy landscape.

“We are particularly pleased with Fermi America’s executive team, many of whom have experience from successful recent nuclear projects,” noted Hyundai EC’s CEO, Hanwoo Lee. This partnership appears set to harness the expertise of both companies, paving the way for a transformative energy framework.

Timeline and Future Implications

Fermi America’s drive does not stop at the MOU. The company presented its Combined Operating License Application (COLA) for the AP1000 nuclear units in the U.S. in June, receiving acceptance for review in record time. With Hyundai EC’s support, Fermi America anticipates breaking ground on the nuclear complex next year, with the target of having the first reactor operational by 2032.

This venture is more than just a step towards advanced technology; it serves as a potential game-changer for the American energy landscape. As power demands surge, particularly for AI-driven applications, the integration of large-scale nuclear plants could help meet these needs efficiently and sustainably.

About the Companies

Fermi America

Fermi America is at the forefront of developing electric grids designed to deliver high redundancy at gigawatt scale, which is critical for powering next-gen AI capabilities. Co-founded by former U.S. Energy Secretary Rick Perry, the company combines innovative technology with a cadre of seasoned professionals to potentially create the largest private grid of its kind.

Hyundai Engineering & Construction

Founded in 1947, Hyundai EC is one of South Korea's leading construction firms and has a solid reputation for delivering major infrastructure projects, including 26 nuclear power units worldwide. The company is broadening its capabilities in next-generation nuclear technologies and is positioning itself as a leader in the energy transition towards a more sustainable future.

As this partnership unfolds, it is certain to be closely watched by industry experts and energy stakeholders, marking a pivotal moment in the convergence of nuclear energy, technological advancement, and sustainable practices.