filecrux
Oct 7, 8:53 PM
$BKV BKV rose 7% today after signing an ~
$800M contract for ~1,200 MW of gas-fired power equipment, with an unnamed investment-grade hyperscaler backstopping ~90% of the ~
$200M due by March 31, 2027. That hyperscaler is also the intended buyer of the plant's power. The catch: no offtake deal is signed yet, and if none is reached by March 31, 2027, BKV can walk away with no further payments. Equipment arrives Sept 2028 to May 2029.
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