Assess.
Align.
Advance
Keeping our principles front and center.
With big moves within BKV and in the market, steadfast governance anchors our commitment and accountability. Since going public in 2024, we have only become stronger in our focus on growth, values and long-term value creation for shareholders. Our Board plays a vital role in this journey, offering strategic guidance, evaluating company-wide performance and keeping us aligned with our mission.
Grounded in governance.
Going Public With Our Mission.
BKV’s debut on the NYSE in 2024 marked a transformational milestone — affirming our distinctive approach to business, culture and impact. As a public company, we’re well-capitalized and positioned to accelerate innovation, deepen accountability and redefine what’s possible in the energy space.
Clarity From the Outside In.
For 2024, we partnered with FTI Consulting to refresh our materiality assessment through an independent, confidential process. The outcome: a more robust and focused sustainability program, grounded in clear priorities and measurable commitments. The findings now guide our Board and leadership to identify, monitor and manage the sustainability issues most critical to our performance and stakeholders.
EHSR and IT Working In Harmony.
We continually enhance our EHSR and sustainability programs through a structured governance framework built in partnership with our IT and EHSR teams. This framework ensures strong oversight of key sustainability priorities, including emerging risks and opportunities, while aligning with operational goals. Together, these efforts drive greater cross-functional collaboration, accelerating innovation and improving outcomes.
Principled progress.
A bold idea goes public.
While BKV’s IPO in the fall of 2024 on the New York Stock Exchange was a significant and transformational milestone, it was also a validation of the company’s unique approach to business and its culture.
BKV seeks to revolutionize the energy sector by blending traditional energy sources, like natural gas, with advanced carbon capture technologies, with a goal to lead in clean energy solutions. Balancing profitability with sustainability is central to the company’s mission.
“The IPO had been a long process, one that taught us a lot about determination, patience, and collaboration.” - David Tameron
BKV has evolved in a relatively short time from startup to major player in the energy sector. “I set out to create a new kind of energy company, and together we have done that,” said BKV CEO Chris Kalnin. “Access to capital markets now gives us a currency to grow. We can demonstrate the value of what we’re building.”
Value plays a major internal role at BKV as well, as BKV’s Chief Corporate Development Officer Ethan Ngo noted. “I’ve seen rapid growth over the past 10 years, but our values—supporting each other, embracing change, doing good—they’ve been a constant. They inspire us to ask first-principles questions, like ‘Why are we doing this?’ That’s the basis of innovation.”
Those fundamental questions have led to some bold decisions, like going all in on the Barnett and the XTO acquisition. Because the company has been adept at taking calculated risks, returns have been solid and its bold actions have been justified.
“We’re constantly tackling problems, many of which the industry hasn’t even tackled yet,” said Brad Birkelo, Sr Vice President of Technical Resources. “Our values provide a support structure to embrace big challenges—to dive in and start knocking down the things that need to be knocked down.”
The journey to the IPO had its share of challenges. “It had been a long process, one that taught us a lot about determination, patience and collaboration,” said David Tameron, Chief Financial Officer, “BKV is a very type-A, hardworking culture. It’s very competitive, but everyone pulls together when they need to. Having worked on Wall Street, I know that’s a rare thing.”
“It’s like driving a Ferrari,” said Birkelo. “Even when you’re going fast, it doesn’t feel like it because the vehicle is so well put together. That’s what our team is like.”
Now public, the company is well-capitalized to shift into high gear. “There are so many opportunities in Texas alone,” said Sinon Vongkusolkit, who sits on BKV’s Board of Directors. “There’s the growth of data centers driving energy demand. BKV is prepared on the gas side. Through the Power JV, we have support on the power side. And we’re a pioneer in CCS. We are uniquely positioned to lead the energy transition.”
BKV is seeking—and striking—that perfect balance between delivering clean and profitable energy while taking care of the environment. “As a father of six kids, I absolutely care about the future. I believe global warming is happening, and we want to do something material and beneficial to the planet," Kalnin said. “It’s incredibly challenging, but I’ve learned that hard work leads to good results. It’s true.”
