BKV signs $800M contract for 1,200 MW gas-fired power equipment; hyperscaler backstops 90% of near-term payments

BKV Corp

Supply contract totals ~$800.0M for ~1,200 MW of gas-fired equipment (gas turbines, reheat steam turbines, HRSGs, distributed control system), delivered September 2028–May 2029.
~$200M of the contract price is due on or before March 31, 2027; a leading investment-grade hyperscaler backstops ~90% of it and is the intended offtaker.
$80.0M in reservation fees already paid is credited against the price; the remainder is payable in installments from October 2026 through December 2028.
BKV may terminate the contract for convenience with no further payment obligations if mutually agreeable offtake arrangements are not reached by March 31, 2027.
CEO Chris Kalnin calls securing long-lead-time generation equipment "an important step" in BKV's power growth strategy spanning gas production, power and carbon capture.

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