The Trump administration announced on Monday a $625 million investment to boost America’s coal industry , a plan that aims to keep coal plants open, lower energy costs and enable the U.S. to win the global race for dominance in artificial intelligence.

U.S. Energy Secretary Christopher Wright made the announcement of expanded programs to help the coal industry on FOX Business’ "Mornings with Maria," saying that the U.S. has "awesome coal reserves" that can be put to productive use.

"We’re going to export more of that coal, we’re going to use it for American industry, particularly as we reindustrialize, and it’s going to continue to provide 15%-16% of our electricity and enable us to reindustrialize and win the AI race ," Wright said.

The $625 million investment includes $350 million

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