General · 19 January 2026
Trump asks tech to fund $15B power plants
The Trump administration is urging tech companies to finance new power plants to meet rising electricity demands, particularly from AI data centers. Energy Secretary Chris Wright and others are pushing for an emergency power auction where tech firms bid on 15-year contracts, potentially raising $15 billion for new generation capacity. This initiative aims to address rising electricity prices and grid reliability concerns, especially in the Mid-Atlantic region, following the shutdown of baseload power generation.
Reported by energy.gov · How we write briefs