Trump claims tech companies will sign deals next week to pay for their own power supply
The Verge
February 25, 2026
AI-Generated Deep Dive Summary
President Donald Trump has claimed that major tech companies will sign deals next week to cover the cost of their own power supply, addressing concerns about rising electricity expenses. During his State of the Union address, Trump announced a "rate payer protection pledge" with firms like Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI. These companies are expected to attend a March 4 event to finalize agreements that could involve building or funding new energy generation for their data centers.
The initiative aims to ensure stable electricity rates for consumers while reducing financial strain on tech giants reliant on power-intensive operations. However, details about the pledge's specifics—such as how compliance will be enforced—are currently limited. Fox News reported on Trump's claims, highlighting the potential implications for both tech companies and American rate payers.
This move by Trump could set a precedent for corporate responsibility in energy management, potentially lowering costs for consumers. For tech readers, the focus is on whether these agreements will drive innovation or simply shift financial burdens onto major players. The outcome of this initiative may influence future energy policies and the balance between corporate obligations and public welfare.
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Originally published on The Verge on 2/25/2026