President Donald Trump announced Tuesday in Pennsylvania that 20 companies are bringing $92 billion in energy and technology investment to the Keystone State, capital he says will help secure U.S. dominance in both fields.
Announcements included multi-billion investments into artificial intelligence (AI) data centers, natural gas plants and hydropower facilities in the state. The investments are expected to strengthen Pennsylvania’s electricity grid and pave the way for America to lead the world in AI innovation, Trump said from the Pennsylvania Energy and Innovation Summit at Carnegie Mellon in Pittsburgh.
“Today’s commitments are ensuring that the future is going to be designed, built and made right here in Pennsylvania and right here in Pittsburgh, and, I have to say, right here in the United States of America,” Trump said. “The investments being announced this afternoon include more than $56 billion dollars in new energy infrastructure, and more than $36 billion dollars in new data center projects — and a lot more than that are going to be announced in the coming weeks.” (RELATED: EXCLUSIVE: Trump’s Energy Agenda Can Help US Beat China In Crucial Tech Race, Oil Industry Leader Says)
Trump also said at the summit that Knighthead Capital Management plans to invest $15 billion to resurrect the defunct Homer City Generating Station. The plant was the largest coal-fired power station in Pennsylvania before its closure in 2023, according to the Energy Information Administration.
The summit featured Trump, cabinet members, major energy and tech industry leaders, as well as Republican Pennsylvania Sen. Dave McCormick and Democratic Pennsylvania Gov. Josh Shapiro.
Tech companies like Google, Blackstone and CoreWeave pledged to invest billions into AI infrastructure and data centers served by the PJM Interconnection, the power grid that delivers electricity to Pennsylvania and numerous other states.
The Department of Energy (DOE) issued an emergency order to the grid operator in May, ordering Pennsylvania to keep some generation units online past their scheduled retirement dates in order to prevent power shortages.
AI data centers burn through large amounts of power, and they are expected to proliferate while American energy infrastructure ages and power plants are retired. The combination has led some power grid analysts to project that U.S. power supply may be inadequate in the coming years barring the addition of new generation.
While former President Joe Biden went all in on green energy initiatives, Trump has favored more conventional power sources and declared an energy emergency on the first day of his term. Since then, Trump has signed several executive orders to clear red tape for energy technology like nuclear and coal and his administration has moved to strengthen America’s ailing electricity grid.
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