Trump Vows 1,600 New Power Plants to Slash US Electricity Costs Fast

President Donald Trump has announced plans to bring 1,600 new power plants online over the next year, promising that electricity costs would soon drop significantly as part of his broader economic agenda.

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Key Points

Trump announces 1,600 new power plants aiming to cut electricity costs.
AI-driven energy demand in Texas is surging, with ERCOT reporting 226 GW in new interconnection requests.
Initiatives are positioned as part of Trump’s larger economic and energy strategy.

In a national address, President Trump cited his administration’s achievements over the past year, asserting that he inherited significant challenges from his predecessor and is actively addressing them.

In his year-end address, President Trump stated that he aims to curb the rapidly increasing costs linked to artificial intelligence through the accelerated approval of new production projects. “Within the next 12 months, we will have opened 1,600 new electrical generating plants, a record,” President Trump stated. He further stated that electricity prices, along with the cost of other goods, are expected to decline significantly in the near future.

During his address, President Trump presented charts citing declines in prices and wage growth under his administration, while attributing rising health insurance costs to Democratic policies.

Democrats, led by Senate Minority Leader Chuck Schumer, prompted a 43-day government shutdown in October and November to push for an extension of pandemic-era insurance subsidies for 22 million Americans set to expire on December 31. Trump’s approval ratings fell to first-term lows during the shutdown but have since seen a modest recovery.

Trump encouraged Americans to continue supporting his administration and anticipate a series of new economic initiatives planned for the coming year. “We’re poised for an economic boom the likes of which the world has never seen,” he stated.

President Trump’s announcement of nearly 2,000 new power plants comes as the Electric Reliability Council of Texas (ERCOT) faces a significant rise in energy demand from AI developers. ERCOT reported that large-load interconnection requests have surged to approximately 226 GW, up from 63 GW at the end of last year. Data center projects focused on AI-scale operations now represent about 73% of these requests, highlighting the increasing impact of artificial intelligence on Texas’s power grid.

Trump closed his address by framing these initiatives as part of his broader vision to strengthen the U.S. economy and energy sector, insisting that the steps his administration is taking will ensure long-term stability, lower costs for consumers, and maintain America’s competitive edge in emerging technologies.

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Frequently Asked Questions

President Donald Trump announced a plan to bring 1,600 new electrical generating plants online within the next 12 months. He stated this record acceleration of production projects is intended to curb rapidly increasing costs linked to artificial intelligence. Trump insists these steps will ensure long-term stability and maintain America’s competitive edge in emerging technologies.

The initiative directly addresses the massive surge in energy demand driven by artificial intelligence development across the United States. The Electric Reliability Council of Texas (ERCOT) reported large-load interconnection requests have surged to 226 GW, largely from AI data center projects. This rapid expansion aims to stabilize the grid and prevent cost spikes resulting from the increasing power needs of AI-scale operations.

President Trump stated that the administration aims to open all 1,600 new electrical generating plants within the next 12 months. The implementation strategy involves the accelerated approval of new production projects to curb rising costs associated with AI. If successful, this timeline is expected to cause electricity prices and the cost of other goods to decline significantly in the near future.

The announcement follows a period of significant political tension, including a 43-day government shutdown prompted by Democratic opposition. Democrats, led by Senate Minority Leader Chuck Schumer, pushed for an extension of pandemic-era insurance subsidies for 22 million Americans. Trump’s approval ratings fell to first-term lows during the shutdown, although they have since seen a modest recovery.

President Trump encouraged Americans to anticipate a series of new economic initiatives planned for the coming year beyond the energy expansion. He closed his address by framing these steps as part of a broader vision to strengthen the U.S. economy and energy sector. Trump stated that the U.S. is "poised for an economic boom the likes of which the world has never seen," signaling major future policy shifts.

MICHAELA

Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.

Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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