Over $90 Billion in Investments Announced at Pennsylvania Energy and Innovation Summit, Led by Blackstone's $25 Billion
On July 15, 2025, the inaugural Pennsylvania Energy and Innovation Summit was held at Carnegie Mellon University in Pittsburgh, a city in Allegheny County, Pennsylvania. President Donald Trump and Senator Dave McCormick showcased more than $90 billion in private-sector investment commitments at the summit, spanning data centers, energy and power infrastructure, and workforce training, in what the organizers called the largest private investment announcement in the state's history.
Trump said at the summit that the investments announced by 20 companies totaled more than $92 billion, including about $56 billion for energy infrastructure and about $36 billion for data centers. McCormick's office said the commitments would create tens of thousands of construction jobs and thousands of permanent jobs; Pennsylvania is the nation's second-largest energy-producing state.
Among the data center and energy announcements, Blackstone announced a $25 billion investment in data center and energy infrastructure development in Northeast Pennsylvania, along with a new joint venture with PPL Corporation for power generation, expected to create 6,000 construction jobs and 3,000 permanent jobs. CoreWeave announced a $6 billion investment to develop an up to 300-megawatt data center in Lancaster, expected to create 600 construction jobs and 175 full-time operational jobs. PA Data Center Partners and Powerhouse Data Centers revealed plans to develop a $15 billion, 1.3-gigawatt, three-campus data center hub near Carlisle.
On power and energy, FirstEnergy will invest $15 billion to expand power distribution and strengthen grid infrastructure across 56 of Pennsylvania's 67 counties. Homer City Redevelopment announced an agreement in principle to purchase $15 billion of Pennsylvania natural gas to support over 4 gigawatts of generation, expected to create 1,000 onsite jobs and 10,000 construction jobs. PPL Corporation will invest $6.8 billion through 2028 to expand grid capacity and modernize transmission, expected to create 3,400 jobs. Brookfield announced a 20-year, $3 billion deal with Google to repower the Safe Harbor and Holtwood hydropower facilities and generate 670 megawatts of power. Frontier Group announced plans to invest $3.2 billion to transform the former Bruce Mansfield coal plant in Shippingport into a natural gas power station. Constellation Energy will invest $2.4 billion to uprate the Limerick nuclear power plant, adding 340 megawatts of capacity. Westinghouse is working to have 10 new large nuclear reactors under construction by 2030.
Attendees included Treasury Secretary Scott Bessent, Interior Secretary Doug Burgum, Commerce Secretary Howard Lutnick, Energy Secretary Chris Wright, White House super intelligence (SI) and crypto czar David Sacks, Pennsylvania Governor Josh Shapiro, and executives from Anthropic, BlackRock, AWS, Blackstone, Palantir, Google and ExxonMobil.
(Source: U.S. Senate)
Source: U.S. Senate
Published by GSM · USA (original Chinese edition)
Photo: 图：2025年7月15日，首届宾夕法尼亚能源与创新峰会在 Pittsburgh 的卡内基梅隆大学举行，特朗普总统坐在主桌中央，会上宣布逾900亿美元投资。白宫官方照片，公共领域，经 Wikimedia Commons。 / Photo: The inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh on July 15, 2025, with President Donald Trump seated at the center of the head table; more than $90 billion in investments were announced at the summit. Official White House photo, public domain, via Wikimedia Commons.
