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Google, Microsoft, Meta, Amazon and several artificial intelligence companies signed a pledge at the White House to bear the cost of new electricity generation to power their data centers

Reuters

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Today President Trump obtained a pledge from America’s leading tech companies that new data centers would not increase electricity prices for residential consumers. These companies (including Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI) signed the “Ratepayer Protection Pledge” under which they agree to cover the costs of all new power generation required for their data centers, ensuring such costs are not passed onto American households. This is a much better approach to affordability than Bernie Sanders’ total ban on new data centers, which would halt the construction boom currently driving wage growth and job growth for blue-collar workers. In fact, the Ratepayer Protection Pledge will lower electricity prices when AI companies pay for grid upgrades and sell their excess power back to the grid. Since the beginning of his second term, President Trump has championed the idea of letting our leading AI companies become power companies, and now this idea is becoming a reality thanks to his leadership and the commitments of these strong American companies. The right approach to data centers is not to stop progress altogether, but rather to protect residential rate payers from price increases, while making it easier to stand up new power generation.

Today President Trump obtained a pledge from America’s leading tech companies that new data centers would not increase electricity prices for residential consumers. These companies (including Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI) signed the “Ratepayer Protection Pledge” under which they agree to cover the costs of all new power generation required for their data centers, ensuring such costs are not passed onto American households. This is a much better approach to affordability than Bernie Sanders’ total ban on new data centers, which would halt the construction boom currently driving wage growth and job growth for blue-collar workers. In fact, the Ratepayer Protection Pledge will lower electricity prices when AI companies pay for grid upgrades and sell their excess power back to the grid. Since the beginning of his second term, President Trump has championed the idea of letting our leading AI companies become power companies, and now this idea is becoming a reality thanks to his leadership and the commitments of these strong American companies. The right approach to data centers is not to stop progress altogether, but rather to protect residential rate payers from price increases, while making it easier to stand up new power generation.

David Sacks

1,162,746 Aufrufe • vor 3 Monaten

Seen in Tennessee on the new Ratepayer Protection Pledge signed at the White House this week: "Tech companies will have to fully cover energy bills for A.I. data centers...President Donald J. Trump says the agreement means people won't see high electricity costs where new data centers are built."

Seen in Tennessee on the new Ratepayer Protection Pledge signed at the White House this week: "Tech companies will have to fully cover energy bills for A.I. data centers...President Donald J. Trump says the agreement means people won't see high electricity costs where new data centers are built."

Rapid Response 47

53,683 Aufrufe • vor 3 Monaten

DAVID SACKS: “President Trump has been really clear that consumers should not have to pay higher rates for electricity because of data centers … He said let the AI companies become power companies. Let them stand up their own power generation … with these new data centers.”

DAVID SACKS: “President Trump has been really clear that consumers should not have to pay higher rates for electricity because of data centers … He said let the AI companies become power companies. Let them stand up their own power generation … with these new data centers.”

Chief Nerd

253,618 Aufrufe • vor 4 Monaten

NEW: Data centers are driving up utility costs. As companies like Amazon and Meta pour billions into data centers across the country, it’s raising electricity bills. While they’re making record profits, the rest of us are forced to foot the bill.

NEW: Data centers are driving up utility costs. As companies like Amazon and Meta pour billions into data centers across the country, it’s raising electricity bills. While they’re making record profits, the rest of us are forced to foot the bill.

More Perfect Union

747,951 Aufrufe • vor 9 Monaten

Microsoft will no longer have exclusive access to OpenAI's artificial intelligence models and products, a significant change that will allow the startup to sell its technology across rival cloud platforms including Amazon and Google

Microsoft will no longer have exclusive access to OpenAI's artificial intelligence models and products, a significant change that will allow the startup to sell its technology across rival cloud platforms including Amazon and Google

Reuters

42,363 Aufrufe • vor 1 Monat

The biggest power grab since Standard Oil is happening today and almost nobody is paying attention. Tech companies are building their own power grid. They're about to produce more electricity than entire COUNTRIES. Right now at the White House, CEOs from Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI are signing a pledge that most people will scroll past. But it might be the most important business deal of the decade. They're committing to build, bring, or buy 100% of their own electricity for every new AI data center. Their own power plants. Their own transmission lines. Their own energy infrastructure. These are SOFTWARE companies agreeing to become power utilities. Here's why this matters for everyone reading this: By the end of this year, at least 5 US data centers will each consume over 1 gigawatt of continuous power. 1 gigawatt powers 850,000 homes. 5 of these facilities will use more electricity than some entire countries. The US grid physically cannot handle it. Capacity prices in the PJM grid, which covers 13 states, exploded from $28.92 per megawatt-day to $329.17 in just two years. That's literally a 1,000% increase. So what do you do when the grid can't support you? You stop using the grid. Amazon is buying nuclear reactors. Microsoft restarted Three Mile Island. Meta signed 20-year nuclear deals. Chevron is building a 2.5 gigawatt natural gas plant in West Texas specifically to power data centers. These companies aren't supplementing the grid. They're replacing it. For themselves. Think about what's actually happening here: 7 companies now control more computing power than most governments. And today they're signing paperwork to control their own energy supply too. Computing. Data. Energy. Infrastructure. That's not a "tech" company anymore. A Harvard energy law professor already called the pledge "meaningless" because utilities in PJM are spending tens of billions on power projects for data centers and those costs are STILL being spread across ratepayers anyway. The pledge has zero legal teeth. No enforcement mechanism. No compliance monitoring. No penalty for breaking it. It's a political move designed to get tech companies through the midterms without becoming the villain of every campaign ad about electricity bills. But the underlying shift is real and irreversible: Tech companies are becoming energy companies. Energy companies are becoming AI infrastructure. And the line between Big Tech and Big Energy is about to disappear completely. The big question here: When seven companies control both the world's intelligence AND the power that runs it, who exactly is governing who?

The biggest power grab since Standard Oil is happening today and almost nobody is paying attention. Tech companies are building their own power grid. They're about to produce more electricity than entire COUNTRIES. Right now at the White House, CEOs from Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI are signing a pledge that most people will scroll past. But it might be the most important business deal of the decade. They're committing to build, bring, or buy 100% of their own electricity for every new AI data center. Their own power plants. Their own transmission lines. Their own energy infrastructure. These are SOFTWARE companies agreeing to become power utilities. Here's why this matters for everyone reading this: By the end of this year, at least 5 US data centers will each consume over 1 gigawatt of continuous power. 1 gigawatt powers 850,000 homes. 5 of these facilities will use more electricity than some entire countries. The US grid physically cannot handle it. Capacity prices in the PJM grid, which covers 13 states, exploded from $28.92 per megawatt-day to $329.17 in just two years. That's literally a 1,000% increase. So what do you do when the grid can't support you? You stop using the grid. Amazon is buying nuclear reactors. Microsoft restarted Three Mile Island. Meta signed 20-year nuclear deals. Chevron is building a 2.5 gigawatt natural gas plant in West Texas specifically to power data centers. These companies aren't supplementing the grid. They're replacing it. For themselves. Think about what's actually happening here: 7 companies now control more computing power than most governments. And today they're signing paperwork to control their own energy supply too. Computing. Data. Energy. Infrastructure. That's not a "tech" company anymore. A Harvard energy law professor already called the pledge "meaningless" because utilities in PJM are spending tens of billions on power projects for data centers and those costs are STILL being spread across ratepayers anyway. The pledge has zero legal teeth. No enforcement mechanism. No compliance monitoring. No penalty for breaking it. It's a political move designed to get tech companies through the midterms without becoming the villain of every campaign ad about electricity bills. But the underlying shift is real and irreversible: Tech companies are becoming energy companies. Energy companies are becoming AI infrastructure. And the line between Big Tech and Big Energy is about to disappear completely. The big question here: When seven companies control both the world's intelligence AND the power that runs it, who exactly is governing who?

Ricardo

146,600 Aufrufe • vor 3 Monaten

In the next 15 years, data centers are expected to add an additional $160 billion to grid costs in the US Estimate say electricity rates for average households will spike by as much as 70% Data centers are projected to triple their share of US electricity demand in the next few years The main driver is the explosive growth of data centers built by Big Tech companies like Amazon, Meta, Microsoft, Google, OpenAI and more to power artificial intelligence Places like Northern Virginia already has over 200 data centers with massive new ones planned. Utilities are striking secret proprietary deals with Big Tech companies. These are hidden behind NDAs that shift much of the infrastructure costs onto regular residential customers Just in the PJM energy market of 13 states covering 65 million people, data centers were responsible for 63% of last year’s record 800% spike in capacity prices (This is INSANE) Residential customers in places like Virginia and Louisiana are being forced to subsidize billions in new power plants and grid upgrades for data centers. An Examples of this is in Louisiana, Meta’s data center deal leaves the public potentially on the hook for half or more of a $3–4 billion power plant Again, without major policy changes, average household electricity bills could rise by up to 70% over the next 15 years due to data center demand. There is only one real way we can stop this, we must create a separate customer class for data centers Maryland and Oregon have already passed laws doing this Forces data centers to pay for the specific infrastructure they need instead of spreading the costs to everyone else. More states need to do the same Ban secret sweetheart deals Require full public disclosure of all contracts between utilities and Big Tech Prohibit deals where data centers pay below the actual cost of service Make data centers pay the full cost of new power plants and grid upgrades Change regulations so utilities cannot socialize the cost of data-center-driven infrastructure to residential and small business ratepayers This needs to be done immediately

In the next 15 years, data centers are expected to add an additional $160 billion to grid costs in the US Estimate say electricity rates for average households will spike by as much as 70% Data centers are projected to triple their share of US electricity demand in the next few years The main driver is the explosive growth of data centers built by Big Tech companies like Amazon, Meta, Microsoft, Google, OpenAI and more to power artificial intelligence Places like Northern Virginia already has over 200 data centers with massive new ones planned. Utilities are striking secret proprietary deals with Big Tech companies. These are hidden behind NDAs that shift much of the infrastructure costs onto regular residential customers Just in the PJM energy market of 13 states covering 65 million people, data centers were responsible for 63% of last year’s record 800% spike in capacity prices (This is INSANE) Residential customers in places like Virginia and Louisiana are being forced to subsidize billions in new power plants and grid upgrades for data centers. An Examples of this is in Louisiana, Meta’s data center deal leaves the public potentially on the hook for half or more of a $3–4 billion power plant Again, without major policy changes, average household electricity bills could rise by up to 70% over the next 15 years due to data center demand. There is only one real way we can stop this, we must create a separate customer class for data centers Maryland and Oregon have already passed laws doing this Forces data centers to pay for the specific infrastructure they need instead of spreading the costs to everyone else. More states need to do the same Ban secret sweetheart deals Require full public disclosure of all contracts between utilities and Big Tech Prohibit deals where data centers pay below the actual cost of service Make data centers pay the full cost of new power plants and grid upgrades Change regulations so utilities cannot socialize the cost of data-center-driven infrastructure to residential and small business ratepayers This needs to be done immediately

Wall Street Apes

57,371 Aufrufe • vor 17 Tagen

"American AI leadership should never come at the cost of hardworking Americans' ability to pay their electricity bills," says Director Michael Kratsios at the Ratepayer Protection Pledge roundtable. "Today, through this pledge, we are challenging all of these companies to think bigger when it comes to data center construction by identifying ways that we can drive down the overall electricity cost..."

"American AI leadership should never come at the cost of hardworking Americans' ability to pay their electricity bills," says Director Michael Kratsios at the Ratepayer Protection Pledge roundtable. "Today, through this pledge, we are challenging all of these companies to think bigger when it comes to data center construction by identifying ways that we can drive down the overall electricity cost..."

Rapid Response 47

37,198 Aufrufe • vor 3 Monaten

"President Trump is calling for major tech companies to pick up the tab on their electricity costs." "He says his administration struck a deal requiring companies to take on more of the cost for data centers..."

"President Trump is calling for major tech companies to pick up the tab on their electricity costs." "He says his administration struck a deal requiring companies to take on more of the cost for data centers..."

Rapid Response 47

70,716 Aufrufe • vor 3 Monaten

The Stoxx 600 European Utilities index is up nearly 26% year to date. The reason is AI. The data centers running large language models use enormous amounts of electricity, and that has put the power companies delivering it in the spotlight

The Stoxx 600 European Utilities index is up nearly 26% year to date. The reason is AI. The data centers running large language models use enormous amounts of electricity, and that has put the power companies delivering it in the spotlight

Reuters

21,428 Aufrufe • vor 6 Monaten

SpaceX and Tesla will build two advanced chip factories at a sprawling facility in Austin, Texas, one to power cars and humanoid robots, and another designed for artificial intelligence data centers in space, CEO Elon Musk said

SpaceX and Tesla will build two advanced chip factories at a sprawling facility in Austin, Texas, one to power cars and humanoid robots, and another designed for artificial intelligence data centers in space, CEO Elon Musk said

Reuters

37,016 Aufrufe • vor 2 Monaten

We are partnering with Applied Digital to power the next generation of AI-ready data centers at their new 400 MW greenfield campus in North Dakota.

We are partnering with Applied Digital to power the next generation of AI-ready data centers at their new 400 MW greenfield campus in North Dakota.

ABB

13,395 Aufrufe • vor 1 Jahr

Unleashing nuclear energy is how we will power American artificial intelligence. Nuclear energy provides the constant energy needed to power data centers and release the full potential of American innovation.

Unleashing nuclear energy is how we will power American artificial intelligence. Nuclear energy provides the constant energy needed to power data centers and release the full potential of American innovation.

Secretary Chris Wright

458,485 Aufrufe • vor 5 Monaten

As AI infrastructure scales, how do American's benefit? COATUE 's Thomas Laffont: "The token is the atomic unit of AI. If you produce tokens you can produce AI. We're seeing now these factories from power to chips to data centers get put together so you can produce tokens. How did you think about making sure that the benefits were widely shared?" Director Michael Kratsios : "The greatest and most powerful well-capitalized companies in the world are the ones that are most interested in building these data centers." "The President brought the companies to the White House and got them to agree to build, bring, or buy their own power to build these data centers." "The American people need to have confidence that when these data centers come to town they will not be the ones who are gonna be bearing the cost of that electricity." The Hill & Valley Forum 2026 The Hill & Valley Forum COATUE White House OSTP 47

As AI infrastructure scales, how do American's benefit? COATUE 's Thomas Laffont: "The token is the atomic unit of AI. If you produce tokens you can produce AI. We're seeing now these factories from power to chips to data centers get put together so you can produce tokens. How did you think about making sure that the benefits were widely shared?" Director Michael Kratsios : "The greatest and most powerful well-capitalized companies in the world are the ones that are most interested in building these data centers." "The President brought the companies to the White House and got them to agree to build, bring, or buy their own power to build these data centers." "The American people need to have confidence that when these data centers come to town they will not be the ones who are gonna be bearing the cost of that electricity." The Hill & Valley Forum 2026 The Hill & Valley Forum COATUE White House OSTP 47

The Hill & Valley Forum

11,241 Aufrufe • vor 2 Monaten

CNN: Sponsors up to $200,000 get naming rights and logos on event signage. A lot of big tech companies, YouTube, Amazon, and Meta, signed up to sponsor this. You can ring the bell at the New York Stock Exchange photo op. A number of former White House officials were really shocked this was allowed to go forward

CNN: Sponsors up to $200,000 get naming rights and logos on event signage. A lot of big tech companies, YouTube, Amazon, and Meta, signed up to sponsor this. You can ring the bell at the New York Stock Exchange photo op. A number of former White House officials were really shocked this was allowed to go forward

FactPost

511,853 Aufrufe • vor 1 Jahr

Big tech companies, including Google, Apple, and Microsoft, invest heavily in clean energy. Google is backing small modular nuclear reactors, a new type of plant that’s smaller, stackable, and always on—key for powering AI data centers. Partnering with Kairos Power, Google aims to bring advanced nuclear online by 2030.

Big tech companies, including Google, Apple, and Microsoft, invest heavily in clean energy. Google is backing small modular nuclear reactors, a new type of plant that’s smaller, stackable, and always on—key for powering AI data centers. Partnering with Kairos Power, Google aims to bring advanced nuclear online by 2030.

CBS Sunday Morning 🌞

26,453 Aufrufe • vor 1 Jahr

NEW: Data centers powering AI like ChatGPT could triple their electricity use by 2028. The Trump administration is investing over $1 trillion into new data centers in the next five years. But what's the true cost of the AI revolution? We went to rural Georgia to find out.

NEW: Data centers powering AI like ChatGPT could triple their electricity use by 2028. The Trump administration is investing over $1 trillion into new data centers in the next five years. But what's the true cost of the AI revolution? We went to rural Georgia to find out.

More Perfect Union

124,780 Aufrufe • vor 1 Jahr

🚨President Donald J. Trump on the Ratepayer Protection Pledge: "We're here this afternoon for a historic signing that will help keep down your utility bills... Big Tech companies are committing to fully cover the cost of increased electricity production required for AI data centers."

🚨President Donald J. Trump on the Ratepayer Protection Pledge: "We're here this afternoon for a historic signing that will help keep down your utility bills... Big Tech companies are committing to fully cover the cost of increased electricity production required for AI data centers."

Rapid Response 47

102,926 Aufrufe • vor 3 Monaten