Trump Announces Data Center Electricity Deal With Big Tech During State of the Union

Date:

A data center owned by Amazon Web Services, front, is under construction next to the Susquehanna nuclear power plant in Berwick, Pa., on Jan. 14, 2024. Ted Shaffrey/AP PhotoPresident Donald Trump announced during his State of the Union address Feb. 24 that his administration has secured agreements with tech companies to pay a greater share of the costs that electric utilities—and their residential customers—incur when data centers and other high-tech “large load” users boost demand and stress supply.The president introduced “a rate payer protection pledge” in which tech companies, or “hyperscalers,” agree to pay more for electricity used to power data centers and vow to “pay their own way” to ensure their high demand for electricity does not affect utility consumers’ bills.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Instant Asset Write-Off Should be Lifted to $150,000, Senate Inquiry Hears

The organisation representing the 2.7 million small businesses that...

Oil Prices Fall After US, Iran Pause Attacks

Sunset clouds glow over pump jacks at the Airankol...

Pentagon Adds Many of Chinas Top Civilian Universities to Blacklist

The Pentagon has flagged a list of prominent Chinese...

Chinese National Sentenced to 87 Months for Attempts to Ship Meth to Australia

A Chinese national has been sentenced in Los Angeles...