President Trump and major tech firms announced an agreement Wednesday to have Big Tech companies cover the cost of the electricity they consume as development of artificial intelligence shows no

The Trump administration this week announced a new effort to help lower the cost of electricity produced by major technology companies building and maintaining data centers.

President Donald Trump unveiled a voluntary pledge with major tech companies on Wednesday that the administration said will protect consumers from rising electricity costs spurred by artificial intelligence development.

The president said requiring data centers to supply their own electricity will shield ordinary Americans from footing the bill. Energy market experts say it won’t.

The pledge is nonbinding and unlikely to bring immediate relief on electricity bills. Making it real will fall to utilities and regulators.

Seven big tech companies that build data centers to train artificial-intelligence models promised to pay more for electricity and limit power price

These companies offer immediate solutions to the data center energy problem.

Syracuse, N. Y. – In recent months, more than a dozen companies have called Salina town officials with similar proposals: Let us install an energy storage system in your town. “We got calls from 14 companies,