Trump launches $70 billion AI and energy investment plan
Renewables face rollback under Trump’s infrastructure blueprint.
President Donald Trump has announced a $70 billion initiative to strengthen America’s energy and data infrastructure to meet growing AI-driven demand. The plan was revealed at Pittsburgh’s Pennsylvania Energy & Innovation Summit, with over 60 primary energy and tech CEOs in attendance.
The investment will prioritise US states such as Pennsylvania, Texas, and Georgia, where energy grids are increasingly under pressure due to rising data centre usage. Part of the funding will come from federal-private partnerships, alongside potential reforms led by the Department of Energy.
Analysts suggest the plan redirect federal support away from wind and solar energy in favour of nuclear and fossil fuel development. The proposal may also scale back green tax credits introduced under the Inflation Reduction Act, potentially affecting more than 300 gigawatts of renewable capacity.
The package includes a project to transform a disused steel mill in Aliquippa into a large-scale data centre hub, forming part of a broader strategy to establish new AI-energy corridors. Critics argue the plan could prioritise legacy systems over decarbonisation, even as AI pushes infrastructure to its limits.
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