President Trump on Tuesday touted $92 billion in new private data center and energy investments as his administration seeks to boost the nation’s power supply amid a push to rapidly develop energy-hungry artificial intelligence (AI).
Trump unveiled investments from 20 major energy and technology companies, including Google, CoreWeave and Blackstone, at Sen. Dave McCormick’s (R-Pa.) inaugural Pennsylvania Energy and Innovation Summit in Pittsburgh.
“We’re back in Pittsburgh to announce the largest package of investments in the history of the Commonwealth of Pennsylvania,” Trump said Tuesday.
“We’re here today because we believe that America’s destiny is to dominate every industry and be the first in every technology, and that includes being the world’s number one superpower in artificial intelligence,” he added.
Cloud computing firm CoreWeave announced plans to invest $6 billion in construction of a 100 megawatt data center in Lancaster, Pa., with the ability to eventually expand to 300 megawatts.
Google also unveiled a $25 billion investment in data center and AI infrastructure in states covered by a regional grid operator across the Midwest and mid-Atlantic. The tech giant plans to invest another $3 billion in modernizing two hydropower facilities in Pennsylvania as well.
Investment firm Blackstone also announced that it will invest more than $25 billion in building out data center and power infrastructure in the Keystone State.
The Trump administration has increasingly focused on the need for more power to protect the electrical grid from strain as it promotes rapid AI innovation. The technology requires vast amounts of energy.
While the Trump administration has been largely focused on promoting fossil fuels and nuclear energy, while hampering wind and solar, investments featured at the summit included a mix of power sources.
Homer City Redevelopment will purchase $15 billion worth of Pennsylvania’s gas for a power plant.
Energy Capital Partners will put $5 billion into a data center and will also develop community solar projects.
A Department of Energy report released last week warned of the growing risk of blackouts, as both AI and the push to reshore manufacturing put pressure on the grid.
The report found that the likelihood of blackouts could increase a hundredfold by 2030, even if the U.S. brings online more than 200 gigawatts of power by the end of the decade as planned. Data centers are expected to add anywhere from 35 to 108 gigawatts in load growth to the grid during that same period.
The Trump administration’s recently passed “big, beautiful bill” slashes subsidies for wind and solar power, which is expected to result in less power production, though the administration has sought also to bolster other power sources including coal, gas and nuclear.
