President Donald Trump and Senator Dave McCormick unveiled a major Pennsylvania energy deal to drive growth in energy and technology. The announcement introduced approximately $70 billion in new investments aimed at creating jobs and supporting innovation statewide.
This announcement came during the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. The summit gathered business leaders, energy executives, and technology innovators to highlight Pennsylvania’s future as a hub for advanced industries.
Trump emphasized his vision for U.S. energy dominance, placing Pennsylvania at the center of this goal. The state’s rich energy resources, skilled workforce, and rising tech sector make it vital to national energy strategies.
McCormick described the summit as a unique platform to unite global investors, energy companies, and AI leaders. He explained that the Pennsylvania energy deal could create tens of thousands of jobs and attract worldwide investments.
Executives from Blackstone, SoftBank, Amazon Web Services, BlackRock, and ExxonMobil attended the summit. In addition, local innovators like Pittsburgh-based Gecko Robotics showcased AI technologies designed to improve energy capacity. Governor Josh Shapiro joined the event, signaling bipartisan support.
Key administration officials spoke at the summit. Commerce Secretary Howard Lutnick, Energy Secretary Chris Wright, and White House crypto adviser David Sacks discussed technology’s role in transforming energy markets.
However, McCormick credited his wife, Dina Powell McCormick, for inspiring the summit’s creation. She previously served as Trump’s deputy national security adviser and now works with BDT & MSD Partners.
Although details of the $70 billion Pennsylvania energy deal remain limited, officials believe it will strengthen the state’s energy and technology sectors. The plan focuses on advancing AI, modernizing infrastructure, and supporting job growth in critical industries.
Nevertheless, this initiative reflects a broader vision to position Pennsylvania as a leader in robotics, artificial intelligence, and energy solutions. Trump and McCormick believe these efforts will place the state at the forefront of global innovation.
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