Seven tech giants signed Trump’s pledge to keep electricity costs from spiking around data centers

Seven major technology companies, including Google, Meta, Microsoft, Oracle, OpenAI, Amazon, and xAI, signed a "rate payer protection pledge" with President Donald Trump to address bipartisan concerns about rising electricity costs due to new AI data centers. The pledge requires these companies to build, bring, or buy the necessary power resources and pay for all new power delivery infrastructure upgrades to service their data centers. Trump stated this is intended to counter public perception that data centers increase local electricity prices. The proclamation notes that companies must voluntarily negotiate agreements with utilities and state governments, and they will be responsible for adding grid capacity where possible and covering infrastructure upgrade costs, even if they don't use all the generated electricity. Furthermore, the giants committed to using their infrastructure to contribute backup power to local grids during times of need, potentially preventing outages during emergencies. The pledge also includes a commitment to hiring from local communities where data centers are being built.

(Source：The Verge)