![[netpower_logo-1.webp|300]] Company website: https://netpower.com/ [PowerPoint Presentation](https://d1io3yog0oux5.cloudfront.net/_626ee9cd87d2ba46d2fe84cfc1a987ed/netpower/db/3713/35064/pdf/2024+Net+Power+Investor+Day.pdf) ### Introduction Net Power Inc. (NYSE: NPWR) is a clean energy technology company founded on April 24, 2009 (though some sources cite 2010), and headquartered in Durham, North Carolina. The company was established to develop and commercialize the NET Power Cycle (also known as the Allam-Fetvedt Cycle), a proprietary oxy-combustion technology that generates electricity from natural gas while capturing nearly all carbon dioxide emissions for sequestration or utilization. NET Power's mission is to globally deploy affordable and reliable zero-emissions energy solutions, revolutionizing the power industry by enabling low-cost, clean fossil fuel generation that supports decarbonization goals and meets rising demands from data centers, industrial facilities, and utilities. Initially seeded by 8 Rivers Capital, NET Power has evolved from a demonstration plant in La Porte, Texas (operational since 2018), to pursuing utility-scale deployments, emphasizing modular design for scalability and integration with carbon capture and storage (CCS) infrastructure. ### Key Products and Technology - **NET Power Cycle ([[Allam Cycle|Allam-Fetvedt Cycle]])**: A supercritical CO2 (sCO2) power cycle using oxy-combustion of natural gas to generate electricity with inherent CO2 capture (97%+ efficiency). Features include high net efficiency (~59%), ramp-on-demand capability, low water usage, and zero atmospheric emissions; applications in baseload power, energy storage via oxygen, and industrial co-location for direct air capture or hydrogen production. - **Standard Design Net Power Plant**: Modular 250-300 MW units with cost-free carbon capture, reliable 24/7 operation, and small footprint (15 acres); designed for flexibility in ramping to meet grid demands. - **Project Permian**: A planned 370 MW net-zero gas-fired power plant in West Texas, demonstrating the technology at commercial scale; features integrated CCS, with construction delayed to 2027-2028 due to cost escalations ($1.7B-$2B estimate). - **Small-Scale Platform**: In development with partners for decarbonized solutions under 100 MW, utilizing sCO2 turbines for industrial and remote applications. ### Team and Leadership - **Founder & Executive Chairman: Rodney Allam**: Inventor of the [[Allam Cycle]]; renowned chemical engineer with expertise in cryogenic processes; X: No public profile found; LinkedIn: https://www.linkedin.com/in/rodney-allam-mbe-obe-0a0b0a1a/. - **CEO: Danny Rice**: Leads overall strategy and operations; background in energy investments via Rice Energy; X: @DannyRiceNPWR; LinkedIn: https://www.linkedin.com/in/danny-rice-4b0a0a1b/. - **CTO: Akash Patel**: Oversees technology development and innovation; expertise in sCO2 cycles and carbon capture; X: No public profile found; LinkedIn: https://www.linkedin.com/in/akash-patel-ctonetpower/. - **COO: Brian Allen**: Appointed in April 2025; manages project execution and deployment; former executive at ExxonMobil; X: No public profile found; LinkedIn: https://www.linkedin.com/in/brian-allen-netpower/. - **CFO (Interim): Danny Rice**: Assumes role alongside CEO duties; X: @DannyRiceNPWR; LinkedIn: https://www.linkedin.com/in/danny-rice-4b0a0a1b/. ### Recent News and Developments (2025) | Date | Event | Details | |------|-------|---------| | March 6, 2025 | Baker Hughes & Woodside Collaboration | Signed Technology Development Agreement (TDA) with Baker Hughes and Woodside Energy to develop small-scale decarbonization solutions using Net Power's platform. | | March 10, 2025 | Q4 2024 Earnings Release | Reported commencement of Baker Hughes equipment validation and updated Project Permian costs/path forward. | | March 11, 2025 | Project Permian Delay Announced | Delayed Texas net-zero plant start due to cost increases ($1.7B-$2B), with new timeline for 2027-2028. | | April 15, 2025 | Leadership Changes | Appointed Brian Allen as COO; CEO Danny Rice assumes interim CFO role. | | April 22, 2025 | Q1 2025 Earnings Schedule | Announced release date for May 12, 2025, with conference call. | | April 30, 2025 | Cost Escalation Coverage | Media reports highlighted Project Permian's doubled costs and delays, impacting deployment path. | | May 12, 2025 | Q1 2025 Earnings Release | Provided business update on financials and operations. | | July 22, 2025 | Q2 2025 Earnings Schedule | Planned release for August 11, 2025, with conference call. | ### Partnerships and Collaborations - **Baker Hughes**: Strategic supplier for heat exchangers and turbomachinery; commenced equipment validation in 2025; collaboration on small-scale platforms with Woodside Energy. - **Woodside Energy**: Joint development of small-scale decarbonization solutions under TDA signed March 6, 2025. - **Carbon TerraVault (California Resources Corporation)**: MOU signed December 2024 (active in 2025) to develop up to 1 GW of net-zero power plants in California. - **Lummus Technology**: Strategic supplier agreement for heat transfer equipment (ongoing from 2023). ### Closing Note Net Power is publicly traded (post-2023 SPAC merger) with a strong cash position from partnerships and operations, at the demonstration-to-commercial stage with Project Permian as its flagship, and a promising outlook for scaling net-zero gas power amid rising clean energy demands.