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5h ago

Trump and McCormick Lock In $70 Billion for AI and Energy Projects in Pennsylvania

The summit aligns tens of billions in private capital with federal policy to reinforce Pennsylvania’s role as a hub for U.S. AI/energy strategy

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President Donald Trump speaks during the White House Faith Office luncheon in the State Dining Room, Monday, July 14, 2025, in Washington. (AP Photo/Evan Vucci)
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Overview

  • The inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon concluded with roughly $70 billion in private commitments for data centers, power generation and grid modernization.
  • Blackstone pledged $25 billion for data-center and energy infrastructure development in Northeast Pennsylvania, projecting 6,000 annual construction jobs and 3,000 permanent positions.
  • Google committed $25 billion to expand AI-ready data centers across multiple states and $3 billion to modernize two Pennsylvania hydropower plants supporting the region’s AI capacity.
  • More than 60 top executives from firms such as Amazon Web Services, ExxonMobil, Anthropic and Brookfield joined President Trump and Sen. McCormick to align private funding with national AI and energy goals.
  • Summit organizers announced new AI training and apprenticeship programs designed to equip thousands of Pennsylvanians for jobs in emerging technology and energy sectors.