Topline
The Trump administration will announce plans for large tech companies to finance the construction of new power plants on Friday, to address rising electricity demand fueled by AI data centers, according to Bloomberg.
(Original Caption) This is a closeup of terminals of Utah’s Power and Light Company’s mobile substation used in transmitting electricity to Arco, Idaho, from Argonne National Laboratory’s Borax, an experimental boiling water nuclear power plant at the Atomic Energy Commission’s national reactor testing station.
Bettmann Archive
Key Facts
Trump and a group of governors from states including Pennsylvania and Ohio plan to push the nation’s largest grid operator, PJM Interconnection, to hold an emergency power auction.
The auction would require tech companies and hyperscalers to help pay for new power plants needed to meet surging electricity demand from AI data centers, which has led to cost increases for consumers.
Tech firms could bid on 15-year contracts to support the construction of up to $15 billion in new generation capacity.
This is a developing story and will be updated.
Source: https://www.forbes.com/sites/martinadilicosa/2026/01/16/trump-will-urge-tech-giants-to-pay-for-more-power-plants-as-ai-boosts-electricity-usage/
