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Inaugural Pennsylvania Energy and Innovation Summit: US$90 Billion in Energy, AI Investments

During the day-long event, they discussed the future of energy, energy technology and Pennsylvania's role as a tech hub. 

Among the speakers was U.S. President Donald Trump, who discussed the Nippon Steel Corp. acquisition of U. S. Steel. 

“(Nippon Steel is) going to do a fantastic job. They actually fought very, very hard to get that deal, and I think that when you look at the countless jobs at the Mon Valley Works in Western Pennsylvania, we have something that's going to be really incredible,” Trump said.

“We're building a future where American workers will forge the steel, produce the energy, and build the factories and really run a country like I believe this country has never been run before. I think we have a true golden age for America.”

Indeed, during the event, companies showcased more than US$90 billion in investment in energy and AI, investments that are projected to create tens of thousands of construction jobs and thousands of permanent jobs. 

Among them are a Westinghouse Electric effort to have 10 new, large nuclear power plant reactors under construction by 2030; an Equinor investment of US$1.6 billion investment to boost natural gas production at Equinor’s Pennsylvania facilities and explore opportunities to link gas to flexible power generation for data centers; and a US$15 billion from First Energy to expand power distribution, strengthen grid infrastructure, and operate the enhanced grid. 

You can find a full list of the investments here. 

United States Steel Corporation and Gecko Robotics, a Pittsburgh, Pa., USA, company that develops AI-powered robots for industrial inspections and maintenance, are two of the companies exploring a potential collaboration focused on steel mill infrastructure.

The companies announced the potential collaboration via an Instagram post following the summit. They did not provide any other details, however. 

“The future of manufacturing is taking shape now, where Gecko’s advances in AI and robotics could combine with U. S. Steel’s 120+ year legacy of ingenuity and grit,” they said. 

Gecko last month achieved unicorn status, doubling its valuation from its previous funding round. Its Series D valuation put the company’s worth at US$1.25 billion.