Washington (AP) – President Donald Trump and Senator David McCormick from Pennsylvania will jointly announce around 70 billion dollars of energy investments in the state on Tuesday, while the President travels to Pittsburgh for a conference to promote his energy and technology agenda.
The Pennsylvania Energy and Innovation Summit takes place at Carnegie Mellon University because the political and managing directors of the state are working on making the city in a stroke for robotics, artificial intelligence and energy.
Trump has repeatedly promised us on the global market “Energy Mominance”, and Pennsylvania – a swing state that is decisive for its victories in 2016 and 2024 – is largely due to its coal industry at the top of this agenda that the Republican administration has taken several steps to promote.
Neither the White House nor the McCormick office gave a collapse of the $ 70 billion or the investments brought with them.
McCormick, a republican senator of the first time that organizes the first event, says that the summit should bring top energy companies and AI leaders, global investors and work together behind Trump’s energy policy and priorities. He says the investments are spurred on tens of thousands of jobs in Pennsylvania.
“Pennsylvania is uniquely positioned by incredible skilled workers and technology due to the abundant energy,” said McCormick in a Fox News interview on Monday, in which he advertises the summit. “We have to win the struggle for AI innovation in America, and Pennsylvania is the focus.”
The list of participating CEOs includes managers from global giants such as Blackstone, Softbank, Amazon Web Services, Blackrock and Exxonmobil as well as local companies such as the Gecko Robotics based in Pittsburgh, which KI provides to strengthen the energy capacity. Governor Josh Shapiro, a democrat, will also take part.
The administrative officers speaking at the summit include the crypto -dared David Sacks of the White House, the Commercial Secretary Howard Lutnick and the Minister of Energy Wright.
In the FOX News interview, McCormick evaluated the idea for a summit of his wife Dina Powell McCormick. Powell McCormick was in his first term as deputy national security advisor from Trump and as a former managing director of Goldman Sachs, who is now at BDT & MSD Partners, a trade bank.
In Pittsburgh, Carnegie Mellon University, a renowned engineering school, as well as a growing industry of petite robotics companies and a so-called “AI Avenue”, in which Google and other AI companies housing offices. It is also located in the middle of the productive Marcellus slate -Erdgas reservoir.
Pennsylvania has achieved several gigantic investment victories in the past few months, some of which have been driven by the Federal Management Policy and others by the rapidly growing AI business.
Nippon Steel was bought by Stahl for almost $ 15 billion and, after he had undertaken, received the approval of Trump to invest billions in plants from the Pittsburgh region in the USA in the United States alone.
Amazon will spend $ 20 billion for two data center complexes in Pennsylvania, with more coming, while a one-time coal-fired power plant is converted into the country’s largest gas-captured power plant in order to fire a data center campus. According to Microsoft, there is $ 1.6 billion for the reopening of the lonely functional core reactor on Three Mile Island as part of a long-term electricity contract contract for its data centers.
Shapiro, chosen in 2022, pushed for the state to land a gigantic industrial project of several billion dollars such as a semiconductor factory or an electric vehicle.
In his first budget speech, Shapiro – who was seen as a potential competitor of the White House in 2028, said the legislators that Pennsylvania had to “get into the game” and warned that it would need money.
He did not land a mega project, but instead he worked to play gigantic investments from Amazon and Microsoft and from Nippon Steel while preparing to look for a second term.
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Levy reported from Harrisburg, Pennsylvania.
