Fermi Inc. selected Primoris Services Corporation for the engineering and construction of the Balance of Plant. This contract covers the company's first six SGT-800 gas turbines. The agreement marks a critical step in the Phase One power buildout project.
The announcement coincides with a contentious proxy fight involving co-founder and major shareholder Toby Neugebauer. Neugebauer is hosting a town hall webinar with analysts today to discuss the company’s history and future. This event highlights an ongoing struggle over corporate governance at Fermi.