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Here are the blockbuster deals unveiled at the Pa. Energy and Innovation Summit | TribLIVE.com
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Here are the blockbuster deals unveiled at the Pa. Energy and Innovation Summit

Tom Fontaine
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Shane Dunlap | TribLive
Vendors on Tuesday at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University.
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Shane Dunlap | TribLive
People attending the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University listen during the closing panel on Tuesday.
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Shane Dunlap | TribLive
Attendees gather Tuesday for the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University.

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

First Energy plans to invest $15 billion to expand power distribution, strengthen grid infrastructure and operate the improved grid, according to McCormick’s office.

The work would support 56 of Pennsylvania’s 67 counties, McCormick said.

Pennsylvania Data Center Partners

Pennsylvania Data Center Partners plans to partner with McLean, Va.-based PowerHouse Data Centers to develop a $15 billion, 1.3-gigawatt, three-campus data center hub near Carlisle.

PPL Corporation

PPL Corporation, an Allentown-based energy company, plans to invest $6.8 billion through 2028 to expand grid capacity and improve electric power transmission in Pennsylvania.

McCormick’s office said the work is expected to create 3,400 jobs.

Westinghouse Electric

Westinghouse Electric Company, a nuclear power company headquartered in Cranberry, said it plans to have 10 new, large nuclear power plant reactors under construction by 2030.

Dan Sumner, the interim CEO of Westinghouse, said the work will have an economic impact of $6 billion and create 15,000 jobs in Southwestern Pennsylvania.

During the final session of Tuesday’s summit, Sumner told President Donald Trump, “You have reinvigorated our industry with the vision you have set forth.”

CoreWeave

CoreWeave, a cloud-computing startup based in New Jersey, said it is committing up to $6 billion to develop a data center in Lancaster.

“This data center will accelerate innovation and drive economic growth across the region,” said Michael Intrator, co-founder, chairman and CEO of CoreWeave.

The company said the 100 megawatt data center, which could ultimately expand to 300 megawatts, “represents one of the first large-scale data centers of its kind in the region and will support U.S. global competitiveness in AI.” The project is expected to create 600 jobs during construction, and the center could ultimately employ as many as 175 full-time workers.

Constellation Energy

Constellation Energy, a Baltimore-based energy company, plans to spend $2.4 billion on improvements at the Limerick power plant in Montgomery County, generating up to 340 megawatts of additional power capacity at the facility.

McCormick’s office said the project will create an estimated 3,000 jobs a year.

Google and Brookfield Asset Management

The tech giant Google announced a $3 billion deal with Brookfield Asset Management to modernize two hydropower facilities in Lancaster County, resulting in 670 megawatts of power generation to support the state.

Additionally, Google said it is investing more than $25 billion in data center and AI infrastructure across the PJM power grid region, which includes all of Pennsylvania, New Jersey, Delaware, Maryland, West Virginia and Ohio and parts of Indiana, Michigan, Illinois, Virginia, Kentucky and North Carolina.

Google said it also is launching AI Works for America, starting with AI Works for Pennsylvania, to train workers and small businesses on what it called essential AI skills.

“Google’s investments announced today will increase energy abundance and empower Americans with the skills needed to thrive in the AI era,” said Ruth Porat, president and chief investment officer for Google and its parent holding company, Alphabet Inc.

Energy Capital Partners

Energy Capital Partners, an investment firm based in New Jersey, announced a $5 billion plan to develop a data center at the York 2 Energy Center in York County, creating a projected 2,500 construction jobs.

Energy Capital also plans to develop 51 community solar projects that McCormick’s office said could power 24,000 homes.

Capital Power

Capital Power, a power generation company based in Edmonton, Alberta, announced it has bought Hummel Station, a 1,124-megawatt natural gas-fueled power plant in Snyder County, for $1.3 billion and will invest $3 billion to support the plant’s operations over the next decade.

The latter investment includes spending $2 billion to buy natural gas produced in Pennsylvania, the company said. The plant will employ 30 full-time workers.

Capital Power said it will look to expand the facility and partner with data center-focused technology companies.

Frontier Group

The Frontier Group of Companies, based in Buffalo, plans to spend $3.2 billion to convert the former Bruce Mansfield coal-fired power plant in Beaver County’s Shippingport to a natural gas-powered plant.

McCormick’s office said the project is expected to create 15,000 construction jobs and more than 300 permanent jobs.

Equinor

Equinor, an energy company based in Norway, plans to spend $1.6 billion to expand natural gas production at its facilities in Pennsylvania, generating 1,000 direct and indirect jobs per year, according to McCormick’s office.

The company also will look for “opportunities to link gas to flexible power generation for data centers,” McCormick’s office said.

Enbridge

Enbridge, a pipeline and energy company based in Calgary, Alberta, plans to spend $1 billion to expand their gas pipelines into Pennsylvania.

McCormick’s office said projects would be announced over the next six to 18 months.

Tom Fontaine is director of politics and editorial standards at TribLive. He can be reached at tfontaine@triblive.com.

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