Copenhagen Infrastructure Partners (CIP), a leading energy infrastructure investor, has committed $500 million to a joint venture with BKV Corp., a Denver-based energy company. The investment, made through CIP’s Energy Transition Fund I, will support the design, construction, and operation of carbon capture, utilization, and sequestration (CCUS) projects across the U.S.
Under the terms of the agreement, Copenhagen Infrastructure will contribute the capital in exchange for a 49% interest in the joint venture, which will focus on advancing low-carbon energy solutions. The collaboration will leverage BKV’s extensive experience in developing CCUS projects and CIP’s expertise in managing low-carbon infrastructure investments.
“We are excited to partner with BKV in this strategic venture, which will accelerate the growth of carbon capture projects and support the transition to a low-carbon economy,” said a spokesperson for Copenhagen Infrastructure Partners. “This investment strengthens our commitment to sustainable energy infrastructure and expands our global portfolio in the energy transition sector.”
BKV will contribute its ownership of the Barnett Zero and Eagle Ford CCUS projects to the joint venture, along with future CCUS projects, related assets, and cash, in exchange for a 51% interest. The Barnett Zero Project, located in North Texas, has already sequestered over 200,000 tons of CO2 equivalent since November 2023. The Eagle Ford Project in South Texas is set to begin its initial injection of CO2 in the first half of 2026.
“This partnership significantly enhances the economics of our CCUS business and positions us to scale our operations more rapidly,” said Chris Kalnin, CEO of BKV Corp. “By combining BKV’s technical expertise with Copenhagen Infrastructure’s global network and resources, we are well positioned to expand our pipeline of CCUS projects and meet the growing demand for low-carbon energy solutions.”
The joint venture will focus on identifying and developing investment-ready CCUS projects, with BKV serving as the operator for all projects within the portfolio.
Legal counsel for the transaction was provided by Kirkland & Ellis LLP for Copenhagen Infrastructure Partners and BakerHostetler for BKV Corp.
