Former President Trump has called on major tech companies, including Amazon, Google, Meta, and Microsoft, to commit to energy pledges aimed at mitigating the impact of data centers on rising electricity costs. This demand comes as the US grapples with soaring electricity prices, which have increased by over 30% since 2020. In regions with active data centers, costs have surged by 267% over the past five years.
In response to the affordability crisis, the US Department of Energy has issued $26.5 billion in loans to utilities in the Southeast to reduce power plant construction costs. Additionally, the largest grid operator has proposed capping wholesale prices, and some governors are considering freezing utility rates. The White House convened a meeting with tech giants to address these issues, highlighting the significant role data centers play in the current energy landscape.
Trump Urges Tech Giants to Sign Energy Pledges Amid Rising Electricity Costs
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