BKV Corporation to acquire a minority stake in BKV‑BPP Power from Banpu Power US for $376m.

BKV Corporation, an energy company, agreed to acquire a minority stake in BKV‑BPP Power, a joint venture between BKV Corporation and Banpu Power US Corporation, from Banpu Power US, a subsidiary of Banpu Power, for $376m. This transaction marks an important step in advancing BKV’s closed-loop energy strategy by increasing its ownership and control of the Power JV. The Company continues to see substantial opportunities for growth in its power business, supported by robust load expansion in the ERCOT market in Texas, rising power demand from artificial intelligence and data center development in ERCOT North and the available capacity of the Power JV’s Temple I and II plants.