President Donald Trump touted $92 billion in technology and energy investments in Pennsylvania by 20 different companies during a speech at Carnegie Mellon University on Tuesday. The president claimed that the investments reflect the “true golden age” of the United States.
“I think we have a true golden age for America. And we’ve been showing it, and it truly is the hottest country anywhere in the world,” Trump said during Tuesday’s Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. “And you’re going to see some real action here. So get ready.”
“This afternoon, 20 leading technology and energy companies are announcing more than $92 billion of investments in Pennsylvania,” Trump said. “This is a really triumphant day for the people of the Commonwealth and for the United States of America. We’re doing things that nobody ever thought possible.”
According to The Daily Caller, the $92 billion in technology and energy investments announced at Tuesday’s summit include investments in Pennsylvania’s natural gas plants, hydropower facilities, and artificial intelligence data centers.
During Tuesday’s Pennsylvania Energy and Innovation Summit, Trump explained that the energy and technology investment commitments by 20 different companies will ensure that “the future is going to be designed, built and made right here in Pennsylvania and right here in Pittsburgh, and, I have to say, right here in the United States of America.”
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The president added that the investments discussed at Tuesday’s summit include over $36 billion in new data center projects and over $56 billion in new energy infrastructure. Trump also noted that “a lot more” investments would be “announced in the coming weeks.”
The White House confirmed that Tuesday’s investments include a $25 billion investment by Google into infrastructure and data centers, a $25 billion investment by Blackstone into natural gas plants and data centers, and a $6 billion investment by CoreWeave into data center expansion.
Trump also announced on Tuesday that Knighthead Capital Management is investing $15 billion to help “resurrect” the Homer City Generating Station. The president said the former coal-fired power plant will become the “largest natural gas-fired power plant ever to be built in North America.”
