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Fortune
Fortune
Business
Jacqueline Munis

Google and Tesla know electricity is expensive. They’re teaming up to bring you an alternative.

Texas Gov. Greg Abbott and Google CEO Sundar Pichai speak at a press conference in front of a Google data center. (Credit: Jonathan Johnson—Bloomberg via Getty Images)

If it seems like your electricity bill is higher than it’s ever been, you’re probably right. 

Americans’ electricity costs rose by 30% between 2021 and 2025 and show no signs of going down. And with the war in Iran threatening the global oil supply, and data centers pushing up energy demands and prices, the cost of energy is almost guaranteed to increase even more.

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