In a significant move, seven major tech companies, including Amazon, Google, and Microsoft, have signed President Trump’s “ratepayer protection pledge” to supply their own power for AI data centers. This voluntary agreement aims to mitigate the rising energy costs associated with the increasing demand for electricity in AI operations, which currently account for 4% to 6% of U.S. electricity consumption and are projected to rise to 12% by 2028. The pledge requires these companies to invest in dedicated power generation and infrastructure upgrades, a commitment that could potentially lower electricity prices for consumers in areas where these data centers are built.