"Under this bold initiative, these massive companies will build, bring, or buy their own power supply for new AI data centers. We're telling the major tech companies that they have the obligation to provide for their own power needs. Companies expanding their data centers for generative AI are already trying to do that, with Anthropic and Microsoft making voluntary commitments recently to cover the costs of new power plants built to serve their data centers."
"Meta has inked a 15-year agreement to cover the capital costs of three new gas-fired plants being built in Louisiana to power its largest data center yet. But some residents and consumer advocates are still concerned about how increased demand from the data center could raise fuel and electricity costs. Tech companies have also announced a slew of agreements recently to support the deployment of next-generation nuclear reactors that could power their data centers."
President Trump introduced a rate payer protection pledge during his State of the Union address, targeting major technology companies including Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI. The pledge requires these companies to build, acquire, or finance their own power supply for new AI data centers. Leaders from these companies are expected to sign the pledge at a March 4th event. Currently, few details exist regarding the pledge's specific requirements or enforcement mechanisms. Some tech companies have already made voluntary commitments to cover power plant costs for their data centers, including Anthropic and Microsoft. Meta has signed a 15-year agreement covering capital costs for three gas-fired plants in Louisiana. However, concerns remain about whether these commitments will be legally binding and how they will be enforced by utilities, grid operators, and local regulators.
Read at The Verge
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