BKV Corporation has completed the acquisition of one-half of Banpu Power US Corporation’s interest in BKV-BPP Power, LLC, raising its ownership stake in the power joint venture from 50% to 75%. The transaction, originally announced on October 29, 2025, involved approximately $115.1 million in cash and 5,315,390 newly issued shares of BKV common stock. With this increased majority stake, BKV gains greater control over the joint venture, which includes the Temple I and II power plants in Texas, positioning the company to capitalize on growing power demand in the ERCOT market, particularly from advancements in artificial intelligence and data center technology. This consolidation is expected to streamline operations and further align BKV’s power business with its long-term strategic growth objectives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BKV Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260130424634) on January 30, 2026, and is solely responsible for the information contained therein.