Battleground State To Receive $70 Billion AI, Energy Infrastructure Investment

President Trump and Sen. Dave McCormick (R-PA) are set to announce a $70 billion AI and energy infrastructure investment in the Keystone State on Tuesday.

“Tomorrow in Pittsburgh, I’ll join President Trump, members of his cabinet, dozens of executives and PA leaders—including EQT’s Toby Rice, Anthropic’s Dario Amodei, Dan Sumner of Westinghouse Electric Company, much of the PA Congressional Delegation, and more at the inaugural Pennsylvania Energy and Innovation Summit,” McCormick said.

“Together, we’ll announce well over $70 billion in energy infrastructure and AI investments—the largest in our state’s history. This is just the beginning of PA leading the way,” he continued.

https://t.co/AO4XZfod3y

— Senator Dave McCormick (@SenMcCormickPA) July 14, 2025

Axios had the scoop:

In addition to Trump’s attendance, McCormick has drawn energy and AI leaders from around the world, including over 60 CEOs, to showcase the economic and national-security benefits of building AI infrastructure such as data centers and power generation.

McCormick will say the $70 billion in investment represents the “largest investment commitment in these industries in terms of dollars for the state and jobs created in the history of the Commonwealth,” organizers tell Axios in a preview.

“Anticipated investments include new data centers, new power generation and grid infrastructure to meet surging data center demand, along with AI training programs and apprenticeships for businesses,” the preview says.

Blackstone president and COO Jon Gray will announce a $25 billion investment in data-center and energy infrastructure development in Northeast Pennsylvania, along with a joint venture for increased power generation. The project is expected to bring 6,000 construction jobs annually, plus 3,000 permanent jobs.

“President Trump has put together a bold strategy to strengthen and maintain America’s AI and energy dominance,” McCormick told Axios.

The outlet listed a group of CEOs expected to attend the summit:

• ExxonMobil’s Darren Woods
• Chevron’s Mike Wirth
• BlackRock’s Larry Fink
• Palantir’s Alex Karp
• Anthropic’s Dario Amodei
• Amazon Web Services’ Matt Garman
• Bechtel’s Brendan Bechtel
• Bridgewater’s Nir Bar Dea
• GIC’s Lim Chow Kiat (Singapore)
• Brookfield’s Bruce Flatt
• CPP Investments’ John Graham
• EQT’s Toby Rice

“The future of energy & AI kicks off tomorrow in Pittsburgh. I’m thrilled to host @POTUS in PA as we launch our Energy & Innovation Summit & announce $70 billion in investment & new jobs for our great Commonwealth,” McCormick said.

The Republican senator joined Fox News to discuss the summit:

The future of energy & AI kicks off tomorrow in Pittsburgh. I’m thrilled to host @POTUS in PA as we launch our Energy & Innovation Summit & announce $70 billion in investment & new jobs for our great Commonwealth. Great to be on America’s Newsroom this morning on @FoxNews. pic.twitter.com/3c0wLo8BUT

— Senator Dave McCormick (@SenMcCormickPA) July 14, 2025

Reuters noted:

McCormick on Tuesday touted the plans as “the next industrial revolution,” even as Nvidia and AMD prepared to resume selling their chips to U.S. rival China. “We’ve got commitments of more than $90 billion of investment in data centers, in energy production, in transmission, in distribution and in investing in skilled workers,” McCormick told CNBC in an interview.

Big Tech is scrambling to secure enough electricity to power the energy-guzzling data centers needed for its rapid expansion of artificial intelligence.

Companies began announcing their plans early on Tuesday, with Google inking a $3 billion electricity deal and CoreWeave touting a $6 billion AI data center.

Google will invest $25 billion in regional data centers, while FirstEnergy will invest $15 billion in Pennsylvania’s energy grid, Semafor reported.

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