🧠⚡ AI and Energy Giants Pledge Over $90 Billion Under Trump’s Innovation Initiative

Technology
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On July 15, 2025, U.S. President Donald Trump announced more than $90 billion in private-sector investments during the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University, positioning the state as a national hub for artificial intelligence and energy infrastructure.

đź’Ľ Investment Highlights

The initiative includes:

  • $36 billion for data center development
  • $56 billion for energy infrastructure projects

Major contributors:

  • Google: $25B for AI and data centers across the PJM region; $3B hydropower deal with Brookfield Energy
  • CoreWeave: $6B for an AI-focused data center in Pennsylvania
  • Blackstone: $25B for energy and data infrastructure in Northeast Pennsylvania
  • First Energy: $15B in energy expansions
  • Anthropic: $2M over three years for cybersecurity education and energy research at Carnegie Mellon University
  • Meta: $2.5M to support rural startups and small business training through Carnegie Mellon’s Schwartz Centre

🔋 Energy Demand and Infrastructure

The summit underscored the growing energy demands of AI:

  • Global data center electricity use projected to reach 945 terawatt-hours by 2030, exceeding Japan’s total consumption
  • Westinghouse plans to build 10 nuclear reactors by 2030, powering 75,000 homes and generating $75B in economic value, including $6B for Pennsylvania

🗣️ Strategic Vision

President Trump emphasized reshoring production and energy independence:

“American workers will forge the steel, produce the energy, build the factories and really run a country like… this country has never been run before.”

Senator Dave McCormick, summit host, highlighted Pennsylvania’s industrial capacity and natural resources as key to leading the AI revolution.

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