Tech companies reported to have committed funding for new power generation capacity

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funding

Public statements, contracts, press releases, or funding commitments from named technology companies confirming they will fund the described generation capacity and specifying amounts/terms.

Source summary
The Department of the Interior announced that the National Energy Dominance Council, chaired by Interior Secretary Doug Burgum, has reached an agreement with a bipartisan group of governors to support more than $15 billion in new power-generation projects in the PJM electricity market serving the Mid-Atlantic and parts of the Midwest. A coalition of major technology companies will fund the new generation capacity to meet rising data-center demand, with officials emphasizing that taxpayers will not bear these costs. The initiative is framed as a response to a national energy emergency declared by President Donald Trump, with Burgum and Energy Secretary Chris Wright criticizing prior Biden administration energy policies and pledging to restore grid reliability and lower electricity prices. The plan prioritizes baseload power investments and aims to protect energy-intensive manufacturing industries in Pennsylvania, Ohio, and Virginia.
Latest fact check

The Department of the Interior press release and a DOE fact sheet state that a “coalition of leading technology companies has committed to funding this new generation capacity” and say the plan would make data centers pay for new plants. Multiple major news outlets (CNN, TechCrunch, Bloomberg, Reuters) report the administration’s proposal urging PJM to hold a 15‑year auction requiring tech firms to bid on contracts and note White House claims it is working with tech companies; however, independent reporting shows PJM had not been coordinated with, and there is no public, verifiable announcement from a named coalition of tech firms confirming a binding $15 billion funding commitment as of 2026‑01‑16. Verdict: Close — the government claims a tech coalition commitment, and the plan envisions tech companies paying for new capacity, but independent public evidence of an explicit, legally binding coalition pledge to fund the new generation capacity is not available.

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Next scheduled update: Feb 16, 2026
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Timeline

  1. Scheduled follow-up · Feb 16, 2026
  2. Completion due · Feb 16, 2026
  3. Update · Jan 17, 2026, 01:58 AMClose
    The Department of the Interior press release and a DOE fact sheet state that a “coalition of leading technology companies has committed to funding this new generation capacity” and say the plan would make data centers pay for new plants. Multiple major news outlets (CNN, TechCrunch, Bloomberg, Reuters) report the administration’s proposal urging PJM to hold a 15‑year auction requiring tech firms to bid on contracts and note White House claims it is working with tech companies; however, independent reporting shows PJM had not been coordinated with, and there is no public, verifiable announcement from a named coalition of tech firms confirming a binding $15 billion funding commitment as of 2026‑01‑16. Verdict: Close — the government claims a tech coalition commitment, and the plan envisions tech companies paying for new capacity, but independent public evidence of an explicit, legally binding coalition pledge to fund the new generation capacity is not available.
  4. Original article · Jan 16, 2026

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