U.S. tech giants will go to the White House to sign an agreement, promising to "self-solve" the electricity consumption of AI data centers to ensure stable electricity prices for residents

Wallstreetcn
2026.02.25 21:46
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Media reports indicate that Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI will sign an agreement at the White House on March 4, committing to self-build or procure power supply for new AI data centers. The White House stated that this move aims to ensure that as the demand for computing power surges, electricity costs for American residents will not increase

Media reports indicate that major U.S. technology companies will meet with President Trump at the White House next week to sign an agreement that clarifies their commitment to self-supply electricity for artificial intelligence (AI) data centers.

Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI will sign the agreement at the meeting on March 4. White House spokesperson Taylor Rogers told the media:

“Under this bold initiative, these large companies will build, introduce, or purchase their own electricity supply for new AI data centers, ensuring that as demand grows, electricity prices for the American public will not rise.”

Trump stated in his State of the Union address on Tuesday that he has received this commitment from the tech industry but did not disclose the specifics of the agreement.

“We are telling large tech companies that they have an obligation to meet their own electricity needs,”

“They can build power plants within their own facilities, so that no one’s electricity prices will rise.”

Currently, data centers across the U.S. are facing opposition from residential communities, with many blaming the rising electricity bills on the massive power consumption of data centers.

Analysts believe that the Trump administration has long viewed the AI industry as an engine for economic growth and an important pillar of U.S. national security, but this also brings certain political risks to the White House ahead of the midterm elections.

Democratic New Jersey Governor Mikie Sherrill and Virginia Governor Abigail Spanberger won their elections last November by a landslide against Republican opponents, with one of their campaign focuses being opposition to rising electricity prices.

U.S. Energy Secretary Chris Wright stated to the media on Wednesday that the Trump administration has warned tech companies that if the public perceives data centers as driving up energy costs, they may face a strong backlash.

“We want to see data centers built,”

“We want them to be quickly sited and established. We want communities to welcome them. But to do that, investment in the necessary additional grid infrastructure must be made in advance.”