A logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025.
According to the company, the Wolf Summit Energy project will be a 600-megawatt combined-cycle natural gas plant located in Harrison County. The facility will supply electricity to Old Dominion Electric Cooperative, which provides service to about 1.5 million residents in Virginia, Maryland, and Delaware. The project is intended to enhance regional power supply and support long-term demand growth.
Bilal Khan, a senior managing director at Blackstone, said: “Helping meet the rising demand for electricity from AI and other areas is among our highest conviction investment themes.” His statement reflects the company’s focus on energy infrastructure as part of its broader investment strategy.
Blackstone noted that the project secured financing after last week’s Final Investment Decision, enabling construction to begin. The plant will operate using a gas turbine supplied by GE Vernova. The selection of this technology aligns with the project’s objective of providing reliable power output.
The Wolf Summit Energy project builds on Blackstone’s recent energy-related initiatives. The company has invested in new gas-fired capacity in Pennsylvania and Virginia, totaling more than 1,600 megawatts. These developments demonstrate its continued involvement in energy infrastructure to support expanding consumption needs, including those associated with advanced computing and industrial operations.
Overall, Blackstone’s planned investment in West Virginia represents a continuation of its approach to developing large-scale power assets. The project is intended to meet increased electricity requirements while contributing additional generation capability to the region.
