Fermi America announces two nuclear deals ahead of President Trump’s South Korea visit

AMARILLO, Texas (KAMR/KCIT) – Fermi America has made two nuclear deals for various production and engineering work ahead of President Donald Trump’s visit to South Korea.

According to officials from Fermi America, Fermi announced an agreement with Doosan Enerbility to initiate forging production of critical long-lead-time nuclear equipment like reactor pressure vessels and steam generators. This agreement locks Fermi’s position for Westinghouse AP1000 reactor projects.

Officials note that this agreement comes before Fermi being the first company to file for its combined operating license, which was accepted for review by the Nuclear Regulatory Commission in September.

The second nuclear deal, according to officials, is Fermi signing a Front End Engineering Design contract with Hyundai Engineering & Construction to begin engineering work on four AP1000 nuclear reactors for Project Matador. Officials add that the nuclear deals follow a Memorandum of Understanding for Doosan for the development of large-scale nuclear reactor plants and small modular reactor technologies, and a Strategic Partnership Agreement with Hyundai E&C, marking a first step for a long-term partnership between Fermi America and Hyundai E&C.

“Doosan’s commitment to putting Fermi in the front of the nuclear power plant component line alongside Hyundai E&C’s FEED award is where vision turns into execution,” said Mesut Uzman, CEO of Fermi Nuclear and a veteran nuclear power executive. “Between their unmatched global record and Fermi’s commitment to action, Project Matador is setting the pace for how advanced nuclear power will be built — efficiently, affordably, safely, and at scale.”

Officials add that a full engineering, procurement, and construction agreement is expected to follow early 2026.

“Working with our allies, who have successfully constructed multiple large scale nuclear projects on time and on budget across the globe, is exactly the kind of expertise required for America to win this race,” said Toby Neugebauer, Co-founder & CEO of Fermi America. “Doosan Enerbility and Hyundai E&C have been waiting for an American company to stop power pointing about nuclear and start building it. Their firm commitment to Fermi America positions us for action, leveraging their track record of success to build clean, new nuclear power at the velocity and scale the President demands and the U.S. requires.”