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17h ago

Trump and McCormick Secure Over $90 Billion in AI and Energy Investments in Pennsylvania

Summit pledges from leading firms aim to power a new AI era as the White House weighs executive orders to streamline infrastructure approvals.

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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

  • President Trump and Sen. Dave McCormick hosted the inaugural Pennsylvania Energy and Innovation Summit in Pittsburgh to announce roughly $70 billion in commitments from private investors with total pledges exceeding $90 billion.
  • Blackstone pledged $25 billion for data-center and energy infrastructure in northeastern Pennsylvania; Google committed $28 billion including hydropower plant upgrades; CoreWeave announced a $6 billion AI data center project.
  • Additional investments include FirstEnergy’s $15 billion grid modernization plan, Amazon’s $20 billion in Pennsylvania data centers and Microsoft’s $1.6 billion power agreement to revive the Three Mile Island reactor.
  • The summit spotlighted new data centers, power generation expansion, grid upgrades and AI training programs designed to meet surging electricity demands and build a skilled workforce.
  • The White House is considering executive orders to simplify permitting processes, accelerate grid connections and secure land and water access for future AI infrastructure development.