Audrey Streb
DCNF Energy Reporter
President Donald Trump announced Tuesday in Pennsylvania that 20 companies are bringing $92 billion in energy and technology investment to the Keystone State, capital he says will help secure U.S. dominance in both fields.
Announcements included multi-billion investments into artificial intelligence (AI) data centers, natural gas plants and hydropower facilities in the state. The investments are expected to strengthen Pennsylvania’s electricity grid and pave the way for America to lead the world in AI innovation, Trump said from the Pennsylvania Energy and Innovation Summit at Carnegie Mellon in Pittsburgh.
“Today’s commitments are ensuring 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,” Trump said. “The investments being announced this afternoon include more than $56 billion dollars in new energy infrastructure, and more than $36 billion dollars in new data center projects — and a lot more than that are going to be announced in the coming weeks.” (RELATED: EXCLUSIVE: Trump’s Energy Agenda Can Help US Beat China In Crucial Tech Race, Oil Industry Leader Says)
TRUMP: “20 leading technology and energy companies are announcing more than $92 billion in investments in Pennsylvania.” pic.twitter.com/5BwNrKGOux
— Daily Caller (@DailyCaller) July 15, 2025
Trump also said at the summit that Knighthead Capital Management plans to invest $15 billion to resurrect the defunct Homer City Generating Station. The plant was the largest coal-fired power station in Pennsylvania before its closure in 2023, according to the Energy Information Administration.
The summit featured Trump, cabinet members, major energy and tech industry leaders, as well as Republican Pennsylvania Sen. Dave McCormick and Democratic Pennsylvania Gov. Josh Shapiro.
Tech companies like Google, Blackstone and CoreWeave pledged to invest billions into AI infrastructure and data centers served by the PJM Interconnection, the power grid that delivers electricity to Pennsylvania and numerous other states.
The Department of Energy (DOE) issued an emergency order to the grid operator in May, ordering Pennsylvania to keep some generation units online past their scheduled retirement dates in order to prevent power shortages.
AI data centers burn through large amounts of power, and they are expected to proliferate while American energy infrastructure ages and power plants are retired. The combination has led some power grid analysts to project that U.S. power supply may be inadequate in the coming years barring the addition of new generation.
While former President Joe Biden went all in on green energy initiatives, Trump has favored more conventional power sources and declared an energy emergency on the first day of his term. Since then, Trump has signed several executive orders to clear red tape for energy technology like nuclear and coal and his administration has moved to strengthen America’s ailing electricity grid.
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Germany, the UK, France, etc., are in Chaotic De-growth Mode
Europe is in deep trouble because of:
1) Uncontrolled immigration,
2) Economic stagnation, due to excessive-reliance on wind and solar, and expensive energy and materials imports
3) Rising government and personal debt,
4) Increased defense spending, due to a gross lack of defense capability against “enemies”,
5) High youth unemployment, due to a lack of suitable skills, especially among immigrants.
6) Increased spending on expensive household and industrial/commercial electricity and
7) Society-destabilizing, undemocratic censorship.
The Euro elites have forced populations to put up with, and pay for, tens of millions of unvetted walks-ins, who make minimal contributions, cause maximal trouble, crime and chaos, all while sucking from the government tit.
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The woke elites in Europe and the US are pre-maturely closing, already-paid-for, in-good-working-order, nuclear plants.
The woke elites have banned 1) oil and gas fracking projects, 2) gas/oil pipelines, 3) gas/oil storage systems near power plants, and 4) new energy exploration projects, as part of “leaving it in the ground”
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The US should not bail out Europe by exporting its valuable coal, oil and LNG.
The US should use them to make more products and services for domestic use and exports.
That way the US would reduce imports and increase exports, which would rapidly decrease our decades of wealth/job-sucking trade deficits, and would employ tens of millions of additional US workers, which would strengthen families and communities.
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The very important results of DOGE are not reported by the leftist, USAID-subsidized, Corporate US Media, but the criticisms of DOGE are reported 24/7/365.
The people in New England, the US and Europe are permanently kept in the dark, already for at least 5 decades, or more.
The Social-Media, by gaining eyeballs, is quickly ending the Corporate-Media monopoly, which is losing eyeballs.
But the Euro elites are hell-bent to put social media in straight-jackets ASAP, because they provide a public forum for free speech.
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Coal less costly, available NOW, not pie in the sky, like expensive Fusion and Small Modular Nuclear
Assume mine-mouth coal plant in Wyoming; 1800 MW (three x 600 MW); turnkey-cost $10 b; life 50 y; CF 0.9; no subsidies.
Payments to bank, $5 b at 6% for 50 y; $316 m/y x 50 = $15.8 b
Payments to Owner, $5 b at 10% for 50 y; $504 m/y x 50 = $21.2 b
Lifetime production, base-loaded, 1800 x 8766 x 0.9 x 50 = 710,046,000 MWh
Ignored cost; O&M escalates at 4%; insurance escalates at 4%; periodic overhauls.
For lower electricity cost/kWh, borrow more money, say 70%
Nuclear has similar economics
Wyoming coal, at mine-mouth $15/ton, 8600 Btu/lb, plant efficiency 40%, Btu/ton = 2000 x 8600 = 17.2 million
Lifetime coal use = 710,046,000,000 kWh x (3412 Btu/kWh/0.4)/17,200,000 Btu/ton = 353 million ton
Lifetime coal cost = $5.3 billion
Electricity cost = (15.8 + 21.2 + 5.3) x 1,000,000,000/710,046,000,000 = 6 c/kWh
The unintentional Europe game plan seems to be to export all heavy power use industries to China what could possibly go wrong 🙂
They played this game before with gas from Russia and that was a resounding success why wouldn’t you do it again 🙂
Maybe this time the emboldened geopolitical adversary will invade something closer to home and they’ll wake up to their own stupidity.
Has anyone else noticed that President Trump is running things like a CEO. Not waiting for others, but pushing for investment that will help the economy, and improve the US competitive position in the world. Not waiting for a dysfunctional Congress to pass compromise legislation that has to buy votes with wasteful spending. The investment he’s bringing in won’t be scored by CBO, but is significant. And CBO’s record is abysmal anyway.
CBO needs a sulfuric acid enema.
First, have to get Shapiro and the Democrat Party out of the way in PA. They are strangling this state to death.
I just hope that once they get the Homer City Generating Station up and running again that they plan to operate it 24/7, not just “when needed”.
I submit for consideration that it is needed NOW.