US-based private energy developer Fermi America has signed a memorandum of understanding with South Korea’s Hyundai Engineering & Construction (Hyundai E&C) to plan and develop the nuclear component of what is designed to be the world’s largest, first-of-its kind private grid to power next-generation AI.
The two companies signed the MoU in Seoul, South Korea, setting forth the terms under which they will jointly design and execute the delivery of new nuclear power within the private grid project.
The nuclear project will be integrated with combined-cycle natural gas, solar power and battery storage alongside data centre infrastructure capable of delivering up to 11 GW of power.