BKV signs $800M power generation equipment supply contract for Texas project

BKV's subsidiary entered into a definitive $800 million equipment supply contract with delivery between September 2028 and May 2029 for a prospective Texas power generation project; approximately 90% of the $200 million due by March 31, 2027 is backstopped by an investment-grade hyperscaler that is also the intended offtaker, with a termination option if offtake arrangements are not reached by that date. This represents material capital commitment and project progress with secured funding, though the offtake arrangement remains conditional and subject to March 2027 milestone."

BKV committed to buying $800 million of power generation equipment for a Texas project, with most near-term payments backed by a major tech company that will also buy the power, reducing the financial risk if the deal closes on schedule.