Secures 1,200 MW Of Power EquipmentBKV said a wholly owned subsidiary signed an equipment supply contract with a Tier 1 supplier. The contract is valued at nearly $800 million.
That figure includes $80 million in reservation fees already paid by BKV. Hyperscaler Backstops Near-Term CostsSubsequently, BKV executed a backstop agreement with a leading investment-grade hyperscaler, which is also the intended off-taker for the prospective power generation project.
The agreement has the provision for BKV to terminate the supply contract without further payment obligations in case BKV and the hyperscaler fail to reach mutually agreeable offtake arrangements by March 31, 2027. CEO of BKV Chris Kalnin said the structure highlights the company’s disciplined approach to capital deployment.
On Tuesday, Google, a unit of Alphabet Inc. 59 gigawatts of electricity.
com, Inc. In December 2025, NextEra Energy, Inc.
(NYSE:NEE) and Google Cloud expanded their energy and technology partnership. Microsoft has also moved to secure long-term nuclear supply.
