President Donald Trump and governors from several US Northeastern states agreed to pursue an emergency wholesale electricity auction. This plan is designed to compel technology companies to fund the development of new power plants.
The proposed initiative aims to resolve growing challenges related to providing electricity to data centers, which are considered essential for advancements in artificial intelligence. A primary goal is to meet this electricity demand without concurrently increasing utility expenses for homes and businesses. The announcement of this plan was scheduled for Friday morning.