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Pennsylvania Secures $70 Billion in AI and Energy Investments Ahead of CMU Summit

This wave of investment is set to convert decommissioned power plants into AI data hubs, creating thousands of new jobs statewide.

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Overview

  • The inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University tomorrow will bring together President Trump, Gov. Josh Shapiro, senior cabinet officials and more than 60 global CEOs to discuss AI and energy growth.
  • Organizers have lined up $70 billion in public-private pledges to fund new data centers, power generation and grid infrastructure across the state.
  • Blackstone will invest $25 billion in Northeast Pennsylvania to develop data-center and energy infrastructure, supporting 6,000 construction jobs annually and 3,000 permanent positions.
  • Amazon plans multiple AI data-center campuses in Luzerne and Bucks counties, which Gov. Shapiro says will create thousands of jobs in construction, operations and maintenance.
  • The funding wave aims to transform former coal-fired plants and other decommissioned facilities into AI hubs and modern power sites to drive a new industrial era.