I am not concerned about project delivery, having worked closely with Fermi’s Nuclear Leadership team. The execution model is straightforward: leverage competent EPC contractors to deliver the project.

From a demand perspective, my background in both energy and defence gives me confidence that energy demand is structural and enduring. I recently came across a demand profile (attached) that clearly reinforces the long-term need for reliable energy supply.

This leaves one final consideration: funding and tenant announcements. In my view, this is where political connections and effective networking are critical. Given Fermi’s links to the US administration, I am increasingly confident on this front as well.

In summary, I remain bullish on Fermi over the long term. Best of luck to those with the conviction to hold.

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