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Tech giants backed President Donald Trump’s promise to pay more for electricity to run AI-hungry data centers ahead of his signature on Wednesday.
Google, Microsoft, Meta, Oracle, xAI, OpenAI and Amazon will join Trump at the White House to sign the Ratepayer Protection Pledge, an agreement to ensure that the costs of infrastructure and power delivery of data centers are not passed on to the public, according to a White House official.
The pledge also obliges these companies to hire and train workers from the communities where the data centers are built and operated, the official said.
US Energy Secretary Chris Wright said the pledge would help stop the rise in electricity prices that began during the Biden administration, and also “make sure the United States wins the AI race.”
SCOOP: TRUMP BRINGING BIG TECH TO WHITE HOUSE TO CUT ENERGY COSTS AMID AI BOOM
President Donald Trump shakes his fist at the end of an event during a visit to Coosa Steel Corporation in Rome, Georgia, Feb. 19, 2026. (Reuters Photos/Kevin Lamarque / Reuters)
“We will continue to partner with technology leaders to strengthen America’s competitiveness, while keeping energy costs low for hard-working families,” Wright said.
The executives of the technology companies that will sign the pledge highly praised the Trump plan, which aims to contribute to reducing electricity costs, a strong grid infrastructure and strengthening the power of the grid during emergencies.
Stanton Springs Meta Data Center in Social Circle, Georgia. (FOX Business Network / Fox News)
“We welcome the administration’s leadership on this issue and support the commitments, which establish a clear foundation for protecting taxpayers while enabling responsible, long-term partnerships to strengthen the grid and the communities where data centers operate,” said Amazon Web Services CEO Matt Garman.
Brad Smith, vice chairman and president of Microsoft, said the pledge is “an important step,” echoing his company’s call for the Trump administration to “ensure that data centers do not contribute to higher electricity prices for consumers.”
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Dina Powell McCormick, Meta’s president and vice chairman, noted the importance of the promise during what she called “the biggest infrastructure development since World War II.”
Inside Meta’s Stanton Springs Data Center in Social Circle, Georgia. (FOX Business Network / Fox News)
“The pledge gives companies like Meta the certainty we need to continue the momentum, ensuring that the dominance of American AI and the prosperity of American families go hand in hand,” he said.
Ruth Porat, president and chief investment officer of Alphabet and Google, said the pledge will “accelerate progress to secure America’s energy future” as we remain committed to securing energy in American homes.
Brad Lightcap, CEO of Open AI, said infrastructure and energy development are “critical to America’s economic competitiveness.”
| A ticker | Security | Finally | Change | Change % |
|---|---|---|---|---|
| GOOGL | Company ALPHABET INC. | 303.58 | -2.94 |
-0.96% |
| META | META PLATFORMS INC. | 655.08 | +1.52 |
+0.23% |
| AMZN | Company AMAZON.COM INC. | 208.73 | +0.34 |
+0.16% |
| MSFT | MICROSOFT CORP. | 403.93 | +5,38 |
+1.35% |
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“As the demand for AI continues to grow, we believe the infrastructure that enables AI should benefit the communities that make it possible, which is why we are proud to support the White House Taxpayer Protection Pledge,” said Lightcap.
Fox News’ Jacqui Heinrich contributed to this report.
