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yesterday

Trump and McCormick Launch $70 Billion AI and Energy Investment in Pennsylvania

Harnessing Pennsylvania’s energy reserves and tech research to fuel AI growth, the program also foreshadows federal steps to speed approvals for new data-center and power projects.

A car drives past a building of the Digital Reality Data Center in Ashburn, Virginia, U.S., March 17, 2025. REUTERS/Leah Millis/File Photo
A building complex that houses Compass Datacenters is partially visible from a nearby neighborhood in Broadlands, Virginia, U.S., March 13, 2025. REUTERS/Leah Millis/File Photo
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Overview

  • The inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University convened President Trump, Sen. Dave McCormick and more than 60 global CEOs.
  • Participants committed roughly $70 billion to build data centers, expand power generation, upgrade the grid and fund AI training programs across the state.
  • Blackstone unveiled a $25 billion joint venture in Northeast Pennsylvania expected to generate 6,000 construction jobs annually and 3,000 permanent positions.
  • Gov. Josh Shapiro and labor leaders highlighted the initiative’s role in revitalizing post-industrial communities and bolstering workforce development.
  • White House officials signaled forthcoming executive actions to streamline permitting for power and data-center projects in response to surging AI energy demands.