{"id":914485,"date":"2025-12-01T07:13:36","date_gmt":"2025-12-01T12:13:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fermi-america-and-mvm-egi-announce-water-saving-hybrid-cooling-agreement-for-worlds-largest-private-energy-grid-delivering-on-promises-made-to-protect-west-texas-water-resources\/"},"modified":"2025-12-01T07:13:36","modified_gmt":"2025-12-01T12:13:36","slug":"fermi-america-and-mvm-egi-announce-water-saving-hybrid-cooling-agreement-for-worlds-largest-private-energy-grid-delivering-on-promises-made-to-protect-west-texas-water-resources","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fermi-america-and-mvm-egi-announce-water-saving-hybrid-cooling-agreement-for-worlds-largest-private-energy-grid-delivering-on-promises-made-to-protect-west-texas-water-resources\/","title":{"rendered":"Fermi America and MVM EGI Announce Water-Saving Hybrid Cooling Agreement for World&#8217;s Largest Private Energy Grid, Delivering on Promises Made to Protect West Texas Water Resources"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>\n          <b>Agreement initiates the design and development of hybrid dry\u2013wet cooling towers, leveraging an existing, proven design platform to prioritize air-based cooling and dramatically reduce water use compared to conventional systems<\/b>\n        <\/li>\n<li>\n          <b>Collaboration enables closed-loop circulation, minimizing evaporation and ensuring good stewardship of the region&#8217;s water resources<\/b>\n        <\/li>\n<li>\n          <b>Delivering on promises made, the MOU reinforces Fermi&#8217;s commitment to put water conservation at the core of the project&#8217;s cooling strategy from day one<\/b>\n        <\/li>\n<\/ul>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">AMARILLO, Texas<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Dec. 1, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Fermi America\u2122 (Nasdaq: FRMI), in partnership with the <span class=\"xn-org\">Texas Tech University<\/span> System, today announced it has signed a non-binding Memorandum of Understanding (MOU) with MVM EGI Zrt., one of the world&#8217;s leading hybrid dry\u2013wet cooling innovators, to engineer and develop a next-generation cooling system for Fermi&#8217;s 11-gigawatt private energy grid campus. The agreement marks a major step forward in delivering reliable, clean energy at scale, while being good stewards of the region&#8217;s natural resources.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2834945\/Fermi_America_MVM__450_foot_MVM_EGI_hybrid_dry_wet_cooling_towers.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2834945\/Fermi_America_MVM__450_foot_MVM_EGI_hybrid_dry_wet_cooling_towers.jpg\" title=\"450-foot MVM EGI hybrid dry-wet cooling towers engineered to deliver massive cooling capacity and substantial water conservation \u2014 including more than 80% less evaporative loss than conventional all-wet towers \u2014 for Fermi America's Project Matador gas and nuclear fleets.\" alt=\"450-foot MVM EGI hybrid dry-wet cooling towers engineered to deliver massive cooling capacity and substantial water conservation \u2014 including more than 80% less evaporative loss than conventional all-wet towers \u2014 for Fermi America's Project Matador gas and nuclear fleets.\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Under the non-binding MOU, Fermi America and MVM EGI will partner on preliminary engineering, and feasibility studies for a series of indirect hybrid cooling towers that will support both of Project Matador&#8217;s 6 gigawatts of combined-cycle natural gas generation and four AP1000 nuclear units. Leveraging an existing, proven hybrid cooling design, the partnership will adapt and optimize the system for <span class=\"xn-location\">West Texas<\/span> conditions. Together, the companies will define cooling requirements, evaluate tower configurations, assess site and height constraints, and model the water-saving performance that hybrid cooling can deliver at scale.<\/p>\n<p>This early engineering work lays the foundation for the campus&#8217;s long-term cooling strategy. The MOU outlines a sequence of milestones\u2014including requirements definition, concept validation, and feasibility assessment\u2014that will lead to a detailed design. Construction of the first cooling tower is scheduled to begin in <span class=\"xn-chron\">January 2026<\/span>, with the full cooling system completed by 2034 to match the phased build-out of the gas and nuclear units.<\/p>\n<p>These hybrid towers represent a major advancement in responsible energy development. By relying primarily on air cooling and circulating water through closed-loop systems, the design sharply reduces evaporative loss, conserving precious water resources. The collaboration also includes evaluation of recycled and reclaimed water, as well as underground reservoirs and solar-covered retention ponds\u2014technologies that further limit evaporation and protect the Ogallala Aquifer.<\/p>\n<p>&#8220;Fermi isn&#8217;t some out-of-town operation parachuting in. Our leadership is from <span class=\"xn-location\">West Texas<\/span> \u2014 we grew up on this dirt, and we care about the land and its resources,&#8221;\u00a0stated Fermi America Co-Founder and CEO <span class=\"xn-person\">Toby Neugebauer<\/span>. &#8220;As promised, we&#8217;re working with global innovators like MVM to ensure Project Matador complements the long-term water needs of the region, building something big, but doing it the right way.&#8221;<\/p>\n<p>&#8220;MVM EGI has been on the cutting-edge of power cooling for more than half a century maintaining the heritage of our founders, Professor L\u00e1szl\u00f3 Heller and Professor L\u00e1szl\u00f3 Forg\u00f3 whom the high-capacity water-saving dry cooling systems are named after worldwide,&#8221; added MVM EGI P.L.C. CEO P\u00e9ter K\u00e1rp\u00e1ti. &#8220;We are pleased to partner with Fermi America, the world&#8217;s largest private utility, to ensure efficient and responsible cooling of their gas generation and nuclear power in the panhandle of <span class=\"xn-location\">Texas<\/span> in line with our motto: Less water, more power.&#8221;<\/p>\n<p>The collaboration reflects both companies&#8217; commitment to transparent, community-oriented development. With billions of dollars in investment and a 99-year lease with the <span class=\"xn-org\">Texas Tech University<\/span> System, Fermi America&#8217;s business model is directly tied to the health of the Panhandle and the long-term sustainability of the Ogallala Aquifer. The MOU reinforces that alignment by putting water conservation at the core of the project&#8217;s cooling strategy from day one.\u00a0<\/p>\n<p>For media inquiries, please contact: <br \/><span class=\"xn-person\">Lexi Swearingen<\/span><br \/><a href=\"mailto:Media@FermiAmerica.com\" target=\"_blank\" rel=\"nofollow\">Media@FermiAmerica.com<\/a><\/p>\n<p>\n        <b>About Fermi America<\/b><br \/>\n        <br \/>\n        <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4569142-1&amp;h=673614676&amp;u=https%3A%2F%2Ffermiamerica.com%2F&amp;a=Fermi+America\" target=\"_blank\" rel=\"nofollow\">Fermi America<\/a>\u2122 (Nasdaq: FRMI) (LSE: FRMI) (<a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4569142-1&amp;h=4231883973&amp;u=https%3A%2F%2Ffermiamerica.com%2F&amp;a=https%3A%2F%2Ffermiamerica.com%2F\" target=\"_blank\" rel=\"nofollow\">https:\/\/fermiamerica.com\/<\/a>) is pioneering the development of next-generation private electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary <span class=\"xn-person\">Rick Perry<\/span>, and Co-founder and former Co-Managing Partner of Quantum Energy, <span class=\"xn-person\">Toby Neugebauer<\/span>, Fermi America\u2122 combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world&#8217;s largest, 11 GW next-gen private grid. The behind-the-meter Project Matador campus is expected to integrate the nation&#8217;s biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.<\/p>\n<p>\n        <b>About the <span class=\"xn-org\">Texas Tech University<\/span> System<\/b>\u00a0\u00a0\u00a0\u00a0 <br \/>Established in 1996, the <span class=\"xn-org\">Texas Tech University<\/span> System is one of the top public university systems in the nation, consisting of five universities \u2013 <span class=\"xn-org\">Texas Tech University<\/span>, <span class=\"xn-org\">Texas Tech University Health Sciences Center<\/span>, <span class=\"xn-org\">Angelo State University<\/span>, <span class=\"xn-org\">Texas Tech University Health Sciences Center<\/span> El Paso and Midwestern State University.\u00a0\u00a0<\/p>\n<p>Headquartered in <span class=\"xn-location\">Lubbock, Texas<\/span>, the TTU System is a more than <span class=\"xn-money\">$3 billion<\/span> enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 64,000 students, more than 400,000 alums, a statewide economic impact of <span class=\"xn-money\">$19.2 billion<\/span> and an endowment valued at <span class=\"xn-money\">$3 billion<\/span>. In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating at 20 academic locations in 16 cities (15 in <span class=\"xn-location\">Texas<\/span>, 1 international).\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education among other academic areas.\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b><br \/>\n        <br \/>This press release may contain &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;will be,&#8221; &#8220;will likely result,&#8221; &#8220;should,&#8221; &#8220;expects,&#8221; &#8220;plans,&#8221; &#8220;anticipates,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;foresees,&#8221; &#8220;intends,&#8221; &#8220;target,&#8221; &#8220;projects,&#8221; &#8220;contemplates,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;predicts,&#8221; &#8220;potential,&#8221; &#8220;outlook,&#8221; or &#8220;continue&#8221; or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management&#8217;s current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2720230\/Fermi_America_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2720230\/Fermi_America_Logo.jpg\" title=\"Fermi America\u2122 Logo (PRNewsfoto\/Fermi America)\" alt=\"Fermi America\u2122 Logo (PRNewsfoto\/Fermi America)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=DA35796&amp;sd=2025-12-01\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/fermi-america-and-mvm-egi-announce-water-saving-hybrid-cooling-agreement-for-worlds-largest-private-energy-grid-delivering-on-promises-made-to-protect-west-texas-water-resources-302628904.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/fermi-america-and-mvm-egi-announce-water-saving-hybrid-cooling-agreement-for-worlds-largest-private-energy-grid-delivering-on-promises-made-to-protect-west-texas-water-resources-302628904.html<\/a><\/p>\n<p>SOURCE  Fermi America<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA35796&amp;Transmission_Id=202512010700PR_NEWS_USPR_____DA35796&amp;DateId=20251201\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Agreement initiates the design and development of hybrid dry\u2013wet cooling towers, leveraging an existing, proven design platform to prioritize air-based cooling and dramatically reduce water use compared to conventional systems Collaboration enables closed-loop circulation, minimizing evaporation and ensuring good stewardship of the region&#8217;s water resources Delivering on promises made, the MOU reinforces Fermi&#8217;s commitment to put water conservation at the core of the project&#8217;s cooling strategy from day one AMARILLO, Texas , Dec. 1, 2025 \/PRNewswire\/ &#8212; Fermi America\u2122 (Nasdaq: FRMI), in partnership with the Texas Tech University System, today announced it has signed a non-binding Memorandum of Understanding (MOU) with MVM EGI Zrt., one of the world&#8217;s leading hybrid dry\u2013wet cooling innovators, to engineer and develop a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fermi-america-and-mvm-egi-announce-water-saving-hybrid-cooling-agreement-for-worlds-largest-private-energy-grid-delivering-on-promises-made-to-protect-west-texas-water-resources\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fermi America and MVM EGI Announce Water-Saving Hybrid Cooling Agreement for World&#8217;s Largest Private Energy Grid, Delivering on Promises Made to Protect West Texas Water Resources&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-914485","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fermi America and MVM EGI Announce 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development of hybrid dry\u2013wet cooling towers, leveraging an existing, proven design platform to prioritize air-based cooling and dramatically reduce water use compared to conventional systems Collaboration enables closed-loop circulation, minimizing evaporation and ensuring good stewardship of the region&#8217;s water resources Delivering on promises made, the MOU reinforces Fermi&#8217;s commitment to put water conservation at the core of the project&#8217;s cooling strategy from day one AMARILLO, Texas , Dec. 1, 2025 \/PRNewswire\/ &#8212; Fermi America\u2122 (Nasdaq: FRMI), in partnership with the Texas Tech University System, today announced it has signed a non-binding Memorandum of Understanding (MOU) with MVM EGI Zrt., one of the world&#8217;s leading hybrid dry\u2013wet cooling innovators, to engineer and develop a &hellip; Continue reading &quot;Fermi America and MVM EGI Announce Water-Saving Hybrid Cooling Agreement for World&#8217;s Largest Private Energy Grid, 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\/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fermi America and MVM EGI Announce Water-Saving Hybrid Cooling Agreement for World's Largest Private Energy Grid, Delivering on Promises Made to Protect West Texas Water Resources - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/fermi-america-and-mvm-egi-announce-water-saving-hybrid-cooling-agreement-for-worlds-largest-private-energy-grid-delivering-on-promises-made-to-protect-west-texas-water-resources\/","og_locale":"en_US","og_type":"article","og_title":"Fermi America and MVM EGI Announce Water-Saving Hybrid Cooling Agreement for World's Largest Private Energy Grid, Delivering on Promises Made to Protect West Texas Water Resources - Market Newsdesk","og_description":"PR Newswire Agreement initiates the design and development of hybrid dry\u2013wet cooling towers, leveraging an existing, proven design platform to prioritize air-based cooling and dramatically reduce water use compared to conventional systems Collaboration enables closed-loop circulation, minimizing evaporation and ensuring good stewardship of the region&#8217;s water resources Delivering on promises made, the MOU reinforces Fermi&#8217;s commitment to put water conservation at the core of the project&#8217;s cooling strategy from day one AMARILLO, Texas , Dec. 1, 2025 \/PRNewswire\/ &#8212; Fermi America\u2122 (Nasdaq: FRMI), in partnership with the Texas Tech University System, today announced it has signed a non-binding Memorandum of Understanding (MOU) with MVM EGI Zrt., one of the world&#8217;s leading hybrid dry\u2013wet cooling innovators, to engineer and develop a &hellip; Continue reading \"Fermi America and MVM EGI Announce Water-Saving Hybrid Cooling Agreement for World&#8217;s Largest Private Energy Grid, Delivering on Promises Made to 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