StocksMedium•18 October 2026•
1 min read
NRC Staff Recommends Licensing Four Fermi Nuclear Reactors in Texas
Key Facts
1NRC staff recommended issuing combined licenses for four Westinghouse AP1000 reactors at Fermi's Project Matador in Texas.
2The project aims to add over 4.4 GW of nuclear capacity to support a private grid and AI data centers.
3AMD recently agreed to provide credit support for a $6.5 billion lease agreement between Fermi and TensorWave.
The US Nuclear Regulatory Commission (NRC) staff recommended issuing combined licenses for four Westinghouse AP1000 reactors at Fermi's Project Matador in Texas. Reuters reported that the project aims to add over 4.4 GW of nuclear generation capacity to support a private power grid and AI data centers. The recommendation follows a 15-month pilot review process designed to accelerate environmental assessments for new nuclear infrastructure.
AMD recently agreed to provide credit support for a $6.5 billion lease agreement between Fermi and TensorWave to strengthen the project's financial backing. FRMI closed at $3.16 on October 16, 2026, with the stock trading between a day low of $3.1 and a high of $3.39 during that session.