Hyundai E&C is teaming up with a private energy developer in the United States to build the world's largest advanced energy infrastructure.
Hyundai E&C announced on the 31st that it has signed a memorandum of understanding with Fermi America for the joint development of an advanced energy and intelligence campus at the Hyundai E&C headquarters in the Yeouido district of Seoul. The signing ceremony was attended by Lee Han-woo, CEO of Hyundai E&C, and Toby Neugebauer, co-founder of Fermi America.
Fermi America is a U.S. energy developer leading the construction of a gigawatt (GW) power grid essential for implementing next-generation artificial intelligence (AI). It is a company co-founded by Rick Perry, former U.S. Secretary of Energy, and is accelerating the construction of the world's largest complex energy and AI campus, based on a globally validated group of experts and cutting-edge technology.
Through this agreement, both parties plan to collaborate in various areas of the project's nuclear power sector, including ▲joint planning of a nuclear-based hybrid energy project ▲development of detailed work packages by project phase ▲preliminary design (Front-End Engineering Design, FEED) ▲promotion of engineering, procurement, and construction (EPC) contract within the year. They will establish a practical cooperation system through ▲regular working committees ▲joint responses to strategic tasks.
The project promoted by Fermi America involves building the world's largest private power grid (HyperGrid™) campus on a site of approximately 23.35 million square meters in the outskirts of Amarillo, Texas.
It plans to implement a total of 11GW of independent power supply infrastructure, combining four AP1000 large nuclear reactors (4GW), small modular reactors (2GW), gas combined cycle (4GW), and solar power with battery energy storage systems (1GW), along with a super-sized hyperscale AI data center linked to this power. This private power grid campus is considered a specialized system that supports the next-generation AI era, where the significance of high-performance computing industries is rapidly increasing, ensuring higher stability than existing power grids.
A representative from Hyundai E&C said, "Through this agreement, we have been able to participate from the early stages of this project and contribute to the creation of the world's largest complex energy and artificial intelligence campus integrated with various energy infrastructures," and added, "We will proactively secure various new energy business opportunities in overseas markets and strengthen our competitiveness."
Toby Neugebauer, co-founder of Fermi America, noted, "We will collaborate with Hyundai E&C to quickly establish the energy supply base necessary to prepare for the expansion of the AI era."