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3d ago

Trump and McCormick Secure $70 Billion for AI and Energy Infrastructure in Pennsylvania

White House signals executive measures to streamline permitting for power-generating projects

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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)
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

Overview

  • The inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University closed with $70 billion in private-sector pledges for AI data centers, new power generation and grid upgrades.
  • Blackstone president and COO Jon Gray unveiled a $25 billion investment in Northeast Pennsylvania expected to support 6,000 annual construction jobs and 3,000 permanent positions.
  • More than 60 CEOs from leading technology, energy and finance firms attended to back the plan linking AI expansion with enhanced energy capacity.
  • Officials indicated the administration will consider executive actions to speed approvals and allocate federal land for the planned data-center and power projects.
  • Organizers said a detailed breakdown of the remaining funding, including AI training programs and workforce apprenticeships, will be released in the coming weeks.