U.S. Proposes Tech-Funded Power Plants to Support AI Data Center Electricity Demand

The U.S. administration, led by President Trump, plans to propose an emergency electricity auction requiring tech companies to fund new power plants to address rising electricity costs in the PJM Interconnection grid, strained by AI data center growth. Major tech firms like Amazon, Microsoft, and Alphabet have expressed willingness to invest in power generation, already engaging in contracts to support grid stability. A bipartisan group of governors will meet to discuss expanding energy generation to meet demand.