Close Menu
Daily Guardian
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Technology
  • Climate
  • Auto
  • Travel
  • Web Stories
What's On

Launched From Submarines, Trusted by 30 Navies: REMUS Marks 25 Years Beneath the Surface

April 20, 2026

Egypt Quick Commerce Databook Report 2026: Market to Reach $615.8 Million by 2029 – 100+ KPIs by Product Type, Payment Mode, Age Group, Location, Business Model, and Delivery Time

April 20, 2026

Record Number of Student Voices to Fill Walt Disney Concert Hall

April 20, 2026

Missing Alberta senior found dead in western Saskatchewan

April 20, 2026

Greece Quick Commerce Databook Report 2026: Market Size & Forecast by Value and Volume Across 100+ KPIs by Product Type, Payment Mode, Age Group, Location, Business Model, and Delivery Time 2020-2029

April 20, 2026
Facebook X (Twitter) Instagram
Finance Pro
Facebook X (Twitter) Instagram
Daily Guardian
Subscribe
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Technology
  • Climate
  • Auto
  • Travel
  • Web Stories
Daily Guardian
Home » Trump says data centre deal with AI firms will keep electricity costs low
Business

Trump says data centre deal with AI firms will keep electricity costs low

By News RoomMarch 4, 20264 Mins Read
Trump says data centre deal with AI firms will keep electricity costs low
Share
Facebook Twitter LinkedIn Pinterest Email

U.S. President Donald Trump invited technology companies to the White House on Wednesday to commit to developing their own power generation as he tries to ease tensions over the cost of electricity used by data centers to develop artificial intelligence.

“They need some PR help because people think that if a data center goes in there, electricity prices are going to go up,” Trump said. “It’s not going to happen.”

The “ratepayer protection” pledge touted by the president comes as affordability has become a top concern for an American public wary of the possibility that the AI build out could lead to higher utility bills. Trump first announced the pledge during his State of the Union address last month, but provided few details.

Communities across the nation have seen a backlash against data centers over fears about rising electricity prices and concerns about pollution and water consumption. Opposition to rising power prices was also a key factor in Democratic wins last year in elections in states including Georgia, Virginia and New Jersey.

The president has sought to deflect public concerns about AI, seeing the fast-evolving technology as crucial for the U.S. to attract foreign investment and maintain its economic and military prowess. But it’s unclear whether the commitments will meaningfully shield Americans from higher electricity prices that have climbed 6.3% over the past year, according to the Labor Department’s Consumer Price Index.

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.

Get weekly money news

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.

The president stressed that he understands that demand for energy will triple by 2035 largely because of AI, meaning that the U.S. needs to dramatically increase its construction of power plants. Construction spending on power generation jumped in 2022, but it has drifted slightly downward after peaking in October 2023, according to the Census Bureau. Trump has also sought to cancel wind power projects while elevating coal — which contributes to climate change — as a source of energy.

The companies committing to the pledge included Google, Microsoft, Meta, Oracle, xAI, OpenAI and Amazon.

Under the terms of the pledge, the companies intend to build or buy new sources of power generation for their data centers and cover the expense of infrastructure upgrades. The companies could also sell excess power generation to utilities for public consumption, in addition to negotiating separate rate structures with public utilities and hiring locally for their data center build out.

Energy experts have expressed doubt that promises by the tech companies can slow down fast-rising electricity prices. While Trump said the pledge would force tech companies to produce their own electricity, the deal is likely not enforceable at the federal level, experts said. Electricity supplies are mostly regulated at the state level and managed across regions, using market structures that vary across the country.

The voluntary agreement has no enforcement mechanisms and ratepayers have no way to verify whether tech companies keep their promises, said Lena Moffitt, executive director of Evergreen Action, an environmental group.

“Now that energy prices have skyrocketed due to his corporate polluter-first policies, Trump is trying to cover up his mistakes with a photo op,” she said.

Jill Tauber, vice president of litigation for climate and energy at Earthjustice, said that actual policies needed to be in place rather than a signed pledge of unclear legal value.

“Data centers are increasing costs and pollution for communities across the country,” Tauber said in a statement. “More than a pledge, we urgently need strong policies and protections to ensure that data centers pay their way, disclose and mitigate their impacts, and are powered by clean energy.”

&copy 2026 The Canadian Press

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Wealthsimple integrates stock trading feature with Elon Musk’s X

Co-signing your kids’ mortgage? Here’s why that’s a risky idea

7-Eleven says it plans to close 645 North American stores this year

Iran-U.S. talk hopes push U.S. stocks near record highs, oil prices ease

Bank of mom and dad? More parents are co-signing adult kids’ mortgages

Lotto Max ticket price to rise, odds also set to change

Alberta’s proposed immigration bill would create more red tape: hospitality sector

WestJet adding fuel surcharge to companion voucher bookings

If that tax refund feels like a lifeline, you’re not alone. How to use it

Editors Picks

Egypt Quick Commerce Databook Report 2026: Market to Reach $615.8 Million by 2029 – 100+ KPIs by Product Type, Payment Mode, Age Group, Location, Business Model, and Delivery Time

April 20, 2026

Record Number of Student Voices to Fill Walt Disney Concert Hall

April 20, 2026

Missing Alberta senior found dead in western Saskatchewan

April 20, 2026

Greece Quick Commerce Databook Report 2026: Market Size & Forecast by Value and Volume Across 100+ KPIs by Product Type, Payment Mode, Age Group, Location, Business Model, and Delivery Time 2020-2029

April 20, 2026

Latest News

Indonesia Quick Commerce Report 2026: Market to Reach $1.83 Billion by 2029 – GoTo, Grab, and Shopee Dominate as Alfamart and Indomaret Scale O2O Fulfillment

April 20, 2026

Electrocardiograph Market Insights and Growth Outlook 2026-2034 – Rising Adoption of Wearable ECGs Spurs Market Growth in Medical Tech

April 20, 2026

CEO Melanie Perkins on Canva’s big pivot to AI enterprise software

April 20, 2026
Facebook X (Twitter) Pinterest TikTok Instagram
© 2026 Daily Guardian Canada. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version