|
|
|
|
|
BKV Corporation Closes Acquisition of Control Position in BKV-BPP Power Joint Venture (Includes Texas REP)
The following story is brought free of charge to readers by VertexOne, the exclusive EDI provider of EnergyChoiceMatters.com
BKV Corporation ("BKV" or the "Company") today announced the successful completion of its acquisition of one-half of Banpu Power US Corporation’s ("BPPUS") interest in BKV-BPP Power, LLC ("BKV-BPP Power" or the "Power JV") for approximately $115.1 million in cash and 5,315,390 shares of newly issued BKV common stock, increasing BKV’s ownership stake of the Power JV to 75% from 50%.
The Texas retail provider BKV Energy (BKV-BPP Retail LLC) is organized under BKV-BPP Power, LLC
"The increased ownership stake by BKV in the Power JV reflects a streamlined structure and enhanced strategic focus of BKV’s power operations," BKV said
"The transaction, originally announced on October 29, 2025, marks a significant milestone in advancing BKV’s closed loop energy strategy by providing the Company with majority ownership and control of the Power JV. The Power JV encompasses the Temple I and II plants strategically positioning the company to take advantage of significant power demand growth in the ERCOT market, driven by advancements in artificial intelligence and data center technology and the related demand for reliable power," BKV said
Chris Kalnin, Chief Executive Officer of BKV, stated, "BKV’s majority stake in the Power JV enhances our strategic flexibility and strengthens our ability to capture and fully capitalize on the exceptional growth opportunities we see in the Texas power market. This consolidated platform will serve as our foundation for expanding our power asset portfolio while maintaining our strong partnership with BPPUS."
ADVERTISEMENT Copyright 2026 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication
prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com
January 30, 2026
Email This Story
Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW -- Manager, ISO Coordination (electricity), Retail Supplier
• Account Executive (Commercial Retail Energy)
|
|
|
|
|