Blackstone to Invest $1.2B in Power Facility-Key Levels to Watch

Blackstone Inc. (NYSE: BX) has announced a $1.2 billion investment in a new power generation facility in West Virginia, a move that reinforces its commitment to addressing the rising global electricity demand driven by artificial intelligence and industrial expansion. The 600-megawatt Wolf Summit Energy project will be located in Harrison County and will supply power to Old Dominion Electric Cooperative, which serves over 1.5 million residents across Virginia, Maryland, and Delaware.

The project will utilize GE Vernova’s advanced gas turbine technology, ensuring efficient and reliable power generation. According to Bilal Khan, Senior Managing Director at Blackstone, meeting the growing demand for electricity from AI and industrial sectors remains one of the firm’s highest conviction investment themes. The recent Final Investment Decision (FID) secures full financing, allowing construction to begin immediately.

This development builds on Blackstone’s expanding energy portfolio, which recently added more than 1,600 megawatts of new gas-fired capacity in Pennsylvania and Virginia. The strategy reflects a broader institutional shift toward energy infrastructure capable of sustaining data centers and AI-driven computing loads, areas projected to double global energy demand by 2030.

From a technical perspective, BX stock is approaching a key ascending trendline around the $135–$138 region. This level has historically acted as a strong support zone, signaling potential accumulation before the next major leg up. A sustained rebound from this level could pave the way for a bullish move toward the $200 mark in the coming months.

With strong fundamentals, a growing energy footprint, and long-term exposure to AI-driven power needs, Blackstone remains well-positioned for both operational and stock performance upside.