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Fermi, an AI nuclear power firm, appoints Lee McIntire as new CEO
Key points
- Lee McIntire appointed CEO of Fermi.
- McIntire previously served on Fermi's board.
- Fermi is developing Project Matador, an AI campus with nuclear reactors.
- TensorWave signed as first customer for Project Matador.
New Leadership at Fermi
Fermi, an AI nuclear power firm, has named Lee McIntire as its new Chief Executive Officer. This appointment comes more than three months after the departure of co-founder Toby Neugebauer from the top executive post. McIntire was an independent member of Fermi's board prior to his appointment.
McIntire's Background
Lee McIntire has a background in executive leadership, having served as CEO at CH2M Hill and TerraPower, a nuclear power startup founded by Bill Gates. His experience includes managing large, complex projects, which Fermi's chairman, Marius Haas, cited as crucial for the company's next phase of development.
Project Matador Development
Fermi America, co-founded by former U.S. Energy Secretary Rick Perry, is currently developing Project Matador, an AI campus located in Amarillo, Texas. This project is designed to utilize nuclear reactors to power data centers. The company recently announced that TensorWave has signed on as the first binding customer lease for the Project Matador campus.
Company Context
The announcement of McIntire's appointment and the customer lease follows an executive shakeup in April, when co-founder Toby Neugebauer and CFO Miles Everson were removed from their positions. The company referred to these changes, along with plans for a corporate headquarters in Dallas, as "Fermi 2.0."
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Reporting from
Fermi, a company developing AI-powered nuclear reactors for data centers, has appointed Lee McIntire as its new CEO, over three months after its co-founder was removed. McIntire previously served on Fermi's board and held CEO positions at CH2M Hill and TerraPower, bringing experience in large-scale project delivery to the company's Project Matador.