Project Matador HyperGrid Power Site

Project Matador's HyperGrid is an actively financed and permitted private-power development with gas assets, grid supply and longer-term nuclear, solar and battery plans. Project Matador HyperGrid Power Site is located in Texas Panhandle near Amarillo, TX, US and is a generation site in construction status. Participants include Fermi Inc. as developer, Southwestern Public Service Company as utility, Hyundai Engineering & Construction as contractor. Published specifications include 11 GW of stated capacity, 17 GW of stated capacity, 6 GW of onsite generation nameplate. Development comprises SPS grid-supplied bridge power (preconstruction), Initial secured gas-generation assets (construction), Permitted gas buildout (permitted). Key milestones include Incremental TCEQ application filed (2026-03-27) and First three Siemens turbines arrived (2026-07-21). grid supply — 200 MW: 86 MW expected and additional 114 MW targeted but not fully committed. natural gas generation — 2 GW: Approximately 2 GW secured/contracted assets; 780 MW of F-class turbines reached Houston. Permitting includes Clean Air Permit for Project Matador gas generation (approved) and Clean Air Permit application for Incremental gas generation (filed). Capital records include equipment financing facility of 500 USD million for Up-to commitment for three Siemens F-class turbines and related equipment; not full project financing. and high-voltage equipment facility of 200 USD million for Facility arranged by Cape; more than USD 100 million initially committed by Keystone.