Pittsburgh Energy Event Truly Mind-Blowing, $92B+ Investments for PA

We are still staggering, trying to get a handle on the Trump freight train that hit Pittsburgh yesterday at an event organized by Pennsylvania Senator Dave McCormick, called the Pennsylvania Energy and Innovation Summit. Seriously, we are in awe of what happened yesterday. At the event, featuring Donald Trump and a host of luminaries, a list of more than $92 BILLION of new investments was announced that will go to the Keystone State. That’s nearly one-tenth of a trillion dollars! ALL of it private investment (not taxpayer money). It’s not unfair to say that the bell of the ball, the centerpiece, was the Marcellus Shale. Much (not all, but a significant portion) of the announced investments centered on the use of natural gas—specifically, PA Marcellus Shale natural gas. Just, WOW!!!! In this post, we present a brief overview of the announced projects. In today’s other posts, we focus on individual projects that most caught our attention and continue to leave us speechless. Read More “Pittsburgh Energy Event Truly Mind-Blowing, $92B+ Investments for PA”

The largest amount of money to be invested in Pennsylvania in the coming decade by a single company, announced yesterday at Senator Dave McCormick’s Pennsylvania Energy and Innovation Summit held in Pittsburgh, came from Blackstone, the world’s largest alternative asset manager. Blackstone pledged to invest *at least* $25 billion in the next 10 years in the Keystone State to (a) build data centers in the northeastern part of the state, and (b) build new Marcellus-fired power plants to provide electricity for those data centers. It’s a staggering amount of money. Blackstone President & COO, Jon Gray, was at yesterday’s event and said PA’s access to natural gas gives it a considerable advantage. “You can co-locate the data centers directly next to the source of power. That’s really the secret sauce here.” The Marcellus is responsible for Blackstone’s $25 billion investment! STAGGERING.
In a day of big news, there was big news related to the largest gas-fired power plant project in the country, along with a massive data center complex, to be built at a former coal-fired power plant site in Indiana County, PA (see 


MARCELLUS/UTICA REGION: What Pennsylvania can learn from Louisiana about energy policy; Wärtsilä engines selected to deliver reliable power for U.S. data center; NATIONAL: Energy leaders warn of power shortfall in AI competition, urge swift action; Sunnova’s Enron-ish ending; Made-for-court climate study completely fails science gold standard; Natural gas – the workhorse of American energy dominance and security; U.S. LNG feedgas demand continues to climb; INTERNATIONAL: Crude falls amid stronger dollar, supply risk doubts; Japan’s ‘largest-ever’ cruise ship, LNG-fueled Asuka III, christened in Yokohama; EU efforts to move away from Russian gas add uncertainty to global LNG market; Why natural gas is still thriving in a world chasing net zero; Energy-hungry India offers opportunities for U.S. oil, natural gas exports.