BKV signs equipment supply contract for 1,200 MW Texas power project backed by hyperscaler

BKV Corporation (NYSE: BKV) announced a subsidiary executed an equipment supply contract with a Tier 1 Supplier for natural gas-fired power generation equipment for a prospective Texas project. A leading investment-grade hyperscaler has agreed to reimburse a portion of costs and is the intended off-taker. The backstop covers ~90% of payments through March 31, 2027. If no offtake agreement by then, BKV can terminate. Deliveries begin September 2028 for ~1,200 MW of equipment.