Pennsylvania is positioned to become a leading hub for the energy and artificial intelligence industries, U.S. Sen. Dave McCormick said Tuesday as he kicked off the Pennsylvania Energy and Innovation Summit at Pittsburgh’s Carnegie Mellon University.

“As the nation’s second-largest energy producer and a global nuclear power leader, Pennsylvania is uniquely positioned to deliver the abundant, affordable energy that the growing AI and advanced manufacturing sectors demand,” McCormick said.

McCormick, a Republican from Pittsburgh, is serving as host of the summit, which he said will highlight $90 billion in planned private-sector development and create tens of thousands of jobs across Pennsylvania.

The summit is featuring a who’s-who list of political luminaries and business leaders, headlined by President Donald Trump and Gov. Josh Shapiro.

The program includes a series of panels on topics including “The AI Race and How to Win It,” “The Case for Pennsylvania: Opportunities and Challenges,” “Investing Big in Pennsylvania” and “Powering the AI Revolution.” Trump is scheduled to take part in a roundtable discussion late this afternoon.

“I am proud to partner with President Trump and the business leaders here today to drive a new era of industrial growth that helps make America energy dominant while creating jobs and opportunities for working families across Pennsylvania,” McCormick said.

Among the $90 billion in planned investments, CoreWeave announced Tuesday morning that 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.

Blackstone, the world’s largest alternative investment firm with more than $1 trillion in assets under management, announced during the first panel of the day that it would invest $25 billion on data centers and natural gas plants in Pennsylvania.

“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.”

This story will be updated.