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Evening Standard
Evening Standard
Business
Jonathan Prynn

Could this trailblazing Texan tycoon save the City of London?

Toby Neugebauer, chief executive officer of Fermi Inc - (Bloomberg via Getty Images)

The man who may have just saved the City of London is back in his office in Texas recovering. “It has been a brutal month,” he reflects ruefully. Toby Neugebauer, 53, and his business partner — Rick Perry, former governor of the Lone Star state and US energy secretary in the first Trump administration — finally flew out of Heathrow last week after an exhausting marathon round of 110 meetings during three whirlwind trips to the UK.

The pair, alongside Perry’s son Griffin, are behind a frankly mind-bogglingly ambitious “smart electrons” energy and AI masterplan codenamed Project Matador. And they want London to be in on it from the beginning.

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