Kindle Energy Breaks Ground on 600 MW Power Plant in West Virginia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2026
0mins
Should l Buy BX?
Source: Newsfilter
- Project Launch: Kindle Energy has officially broken ground on the Wolf Summit project in West Virginia, which will construct a 600 MW combined-cycle gas power plant, marking the first of its kind in the state and expected to meet the energy needs of approximately 1.5 million residents served by Old Dominion Electric Cooperative.
- Economic Impact: The project is anticipated to create 500 construction jobs and spur local economic development, demonstrating Kindle Energy's commitment to enhancing regional employment and economic vitality while providing Blackstone Energy Transition Partners with a solid investment opportunity.
- Energy Security: This initiative will bolster the reliability of regional power supply, helping Old Dominion Electric Cooperative protect its members from transmission constraints and price volatility, thereby ensuring a 24/7 baseload power supply and enhancing overall grid stability.
- Technological Collaboration: GE Vernova will provide its 7HA.02 technology for the project, emphasizing its capabilities in energy equipment solutions and financing, further solidifying the strategic partnership between Kindle Energy, Blackstone, and ODEC to advance sustainable energy development.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 125.580
Low
166.00
Averages
176.60
High
205.00
Current: 125.580
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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