Fermi Selects NAES to Operate Natural Gas Turbine Fleet at Project Matador

Key Facts

1Fermi Inc announced an agreement with NAES Corporation for the operation and maintenance of its natural gas turbine fleet at Project Matador in Texas.

2NAES will be responsible for operational procedures and work management systems, while Fermi retains ownership of the project.

Fermi Inc announced an agreement with NAES Corporation for the operation and maintenance of its natural gas turbine fleet at Project Matador in Texas. According to Investing.com, NAES will be responsible for operational procedures and work management systems, while Fermi retains full ownership of the project.

The partnership aims to establish plant preparation and operational procedures for the energy infrastructure project in Carson County. Regarding market performance, FRMI closed at $4.52 on September 25, 2026, while SMERY closed at $32.68 on the same date.