Nuclear
Molly Glick
Molly Glick
Energy Central Team
·Posted in Nuclear
Tue, May 12

NEWS: US Nuclear Company Fermi Wins Support Of Major Shareholder After Executive Departures

Is Fermi back on track after its nuclear meltdown? (NucNet)

  • Embattled nuclear developer Fermi secured a vote of confidence from a major shareholder following the abrupt ousting of its CEO and the resignation of its CFO. 

  • The company faced an 84% stock decline over the past year (and a clash with a crucial customer at its Amarillo, TX, campus). But the board—anchored by former Energy Sec. Rick Perry—is resisting a "hasty sale" in favor of its long-term plan to power data centers with Westinghouse AP1000 reactors.

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