Blackstone to invest US$1.2 billion in power generation facility in West Virginia [BNN Bloomberg (Canada)]
GE Vernova Inc. (GEV)
Company Research
Source: BNN Bloomberg
Utilities and large investors have scaled up funding to build new power capacity as they seek to meet the growing demand from data centers. The 600-megawatt combined-cycle natural gas plant, called Wolf Summit Energy project, in Harrison County will supply power to Old Dominion Electric Cooperative, which serves about 1.5 million residents across Virginia, Maryland and Delaware. “Helping meet the rising demand for electricity from AI and other areas is among our highest conviction investment themes,” said Bilal Khan, a senior managing director at Blackstone. The company said last week's Final Investment Decision provides financing for the project, allowing it to commence construction. The facility will use GE Vernova's gas turbine. The project adds to Blackstone's recent energy investments in Pennsylvania and Virginia totaling over 1,600 megawatts of new gas-fired capacity. (Reporting by Katha Kalia and Arunima Kumar in Bengaluru; Editing by Leroy Leo)
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GEV
News
- GE Vernova signs agreement for 42 wind turbines with Greenvolt [Yahoo! Finance]Yahoo! Finance
- GE Vernova Investor Day Is Coming. What It Means for the Stock. [Yahoo! Finance]Yahoo! Finance
- Can GE Vernova's R&D Pipeline Boost Its Clean-Energy Position? [Yahoo! Finance]Yahoo! Finance
- GE Vernova (NYSE:GEV) had its "overweight" rating reaffirmed by analysts at Barclays PLC.MarketBeat
- China Debuts First Locally Built GE-Designed Gas Turbine [zero hedge]zero hedge
GEV
Earnings
- 10/23/25 - Miss
GEV
Sec Filings
- 12/2/25 - Form 4
- 9/24/25 - Form 3
- GEV's page on the SEC website