Amazon returns to Fermi with $200m deal after prior collapse
Amazon has agreed to a 600-megawatt power deal with Fermi, a Texas data center developer co-founded by former energy secretary Rick Perry. The agreement, which includes a $200 million prepayment, marks a reversal after Amazon withdrew from a previous deal in December 2025. Fermi simultaneously confirmed the termination of a $6.5 billion lease with TensorWave.