How a Texas gas producer plans to exploit the ‘megatrend’ of power plants for AI hyperscalers
December 9, 2025
After natural gas producer BKV expanded into the power business, the company went on its IPO road show two years ago and was met with suspicion and ridicule about its then unusual business model. It’s rare—and uncomfortable for shareholders—for oil and gas producers to take over power plants that require very different skill sets. They’re both hydrocarbon industries, but drilling and extracting from the earth and producing electricity require completely different business models and technologies.
