economy
February 25, 2026
Trump claims tech companies will sign deals next week to pay for their own power supply
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TL;DR
- President Trump announced a "rate payer protection pledge" with major tech companies to address rising electricity costs.
- Tech companies are expected to sign the pledge next week, committing to build or pay for their own power supply for data centers.
- The initiative aims to alleviate concerns about increasing electricity bills due to data center demand.
- Details on the pledge's specifics and accountability mechanisms are currently scarce.
- Rising electricity costs are a growing concern, with data center electricity demand projected to double or triple by 2028.
- Previous efforts to secure power for data centers include voluntary commitments and agreements for new power plants.
- Delays in new power plant construction and the long development timeline for next-generation nuclear reactors present challenges.
- Local opposition to data center projects has also led to construction delays and cancellations.
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