Highlights

  • Fermi secured a USD 500m equipment financing commitment from MUFG.
  • Loan supports acquisition of three Siemens Energy SGT6-5000F turbines.
  • Financing strengthens delivery plans for first 2.3GW of 11GW campus.

Fermi Inc. (LSE:FRMI) shares advanced 6.02% to USD 9.87 during the morning session on 11 February 2026, following the announcement of a USD 500 million financing commitment from MUFG Bank, Ltd. Despite today’s gain, the stock remains down 67.25% over the past 12 months.

The company confirmed that MUFG has provided a USD 500 million non-recourse turbine “warehouse” facility to support equipment procurement for its large-scale private energy campus project.

The financing will be used primarily to fund the acquisition of three Siemens Energy SGT6-5000F gas turbines, assets previously announced by the company. These turbines are widely deployed across large-scale industrial and mission-critical power infrastructure globally.

In addition to funding turbine purchases, the remaining proceeds will be allocated toward repaying a pre-existing loan and initiating delivery, construction, and deployment of additional turbines within Fermi’s fleet. The transaction is structured as a repeatable facility designed to support future gigawatt-scale equipment acquisitions ahead of project-level financing.

Strengthening the 11GW Infrastructure Pipeline

Fermi America, operating under Fermi Inc., is developing an 11-gigawatt private energy campus. The latest financing is intended to accelerate the delivery of the first 2.3 gigawatts of long-duration, reliable power as part of that broader plan.

The company stated that turbine deliveries are expected to begin as early as 1H 2026. With this agreement, Fermi has solidified more than 2 gigawatts of total controlled generation capacity.

MUFG, described as one of the 10 largest global financial groups, has extensive experience in large-scale project finance across power generation, digital infrastructure, transportation infrastructure, and natural resources. The facility is positioned as institutional backing for Fermi’s equipment-led development strategy.

Rapid Milestones Since Platform Launch

The financing follows what the company described as rapid execution since launch, including licensing progress, securing long-term site control, onboarding construction partners, strengthening its capital base, and advancing key infrastructure initiatives.

The agreement is expected to enhance near-term execution certainty and support future project-level financing as development progresses.

FAQs

  1. What financing has Fermi Inc secured?

Fermi Inc secured a USD 500 million non-recourse turbine “warehouse” facility from MUFG Bank to fund equipment purchases and support the development of its 11GW private energy campus.

  1. How will the USD 500 million loan be used?

The proceeds will fund the acquisition of three Siemens Energy SGT6-5000F gas turbines, repay a pre-existing loan, and support delivery, construction, and deployment of additional turbines within Fermi’s fleet.

  1. What does this financing mean for Fermi America’s project timeline?

The facility supports delivery of the first 2.3GW of power, with turbine deliveries expected to begin as early as 1H 2026, strengthening near-term execution plans and supporting future project-level financing.