Tuesday, July 15, 2025

"A look at the blockbuster deals announced at the Pa. Energy and Innovation Summit"

It looks like the $70 billion in pre-announced deals might end up closer to $89 billion. 

From the Pittsburgh Tribune-Review, July 15:

U.S. Sen. Dave McCormick said Tuesday during the Pennsylvania Energy and Innovation Summit in Pittsburgh that companies are planning to invest more than $90 billion in data centers, energy and power infrastructure, and workforce and AI training projects across Pennsylvania.

Fifteen of the companies plan to invest at least $1 billion in Pennsylvania, according to a fact sheet provided by McCormick’s office. Here’s a look at those planned investments:

Blackstone

Blackstone, the world’s largest alternative investment firm with more than $1 trillion in assets under management, announced a $25 billion investment to develop data centers and natural gas plants in Northeast Pennsylvania, along with a joint venture with PPL Corporation for power generation. The investment is expected to create 6,000 construction jobs and 3,000 permanent jobs, McCormick’s office said.

“What we’re thinking about and what makes us so excited about the area is the idea you can co-locate the data centers right next to the source of power,” Blackstone President and Chief Operating Officer Jon Gray said. “And that’s really the special sauce here.”

Homer City Redevelopment Group

McCormick’s office said Homer City Redevelopment Group has reached an agreement in principle to buy $15 billion of natural gas produced in Pennsylvania to support over 4 gigawatts of power generation at a proposed redevelopment site in Indiana County.

TribLive reported Tuesday that developers will present plans Wednesday for a $10 billion, 3,200-acre, natural-­gas power plant at the Homer City site.

The former Homer City Generating Station, once a coal-fired plant, is being proposed to provide the electricity required for AI and high-performance computing.

First Energy....

....MUCH MORE 

Previously:

Here are the bios of the attendees/speakers/panelists via Senator McCormick's office, who himself is not your average U.S. Senator.

And when you get the CEO of the UAE's Mubadala swinging by, you are talking to the people who can cut the check.