Website: [netpower.com](https://netpower.com) ### Introduction The Allam Cycle, also known as the Allam-Fetvedt Cycle, is a groundbreaking power generation technology developed by NET Power, a company focused on delivering clean, affordable energy through innovative carbon capture methods. The technology was first conceptualized and developed by a team of innovators including English engineer Rodney John Allam, American engineer Jeremy Eron Fetvedt, American scientist Dr. Miles R Palmer, and American businessman G. William Brown, Jr. While the exact founding year of NET Power is not widely documented in public sources, the Allam Cycle gained significant recognition with its validation at a test facility in 2018. NET Power is headquartered in Durham, North Carolina, and operates as a private company. Employee count information is not publicly available, but the company has positioned itself as a leader in decarbonized power generation. Its mission is to provide cleaner energy solutions by leveraging oxy-combustion and supercritical CO2 cycles to capture nearly 100% of carbon emissions during power production, addressing the global challenge of meeting energy demands while achieving net-zero emissions goals [NET Power](https://netpower.com/technology/). As a private entity, NET Power does not have a publicly traded ticker symbol, and its focus remains on scaling the Allam Cycle technology for commercial applications. The company has garnered attention for its potential to revolutionize natural gas power plants by making carbon capture cost-competitive and efficient, a critical step toward decarbonizing the energy sector. ### Key Products and Technology - **Allam-Fetvedt Cycle (Power Generation Technology)** - **Technical Specifications**: The Allam Cycle is a high-pressure, recuperated Brayton cycle that uses supercritical CO2 as a working fluid. It achieves a reported efficiency of approximately 60% for natural gas plants, significantly higher than traditional combined cycle plants. Power output specifics vary by plant design, but the demonstration facility in La Porte, Texas, operates at 50 MWth (megawatts thermal), with commercial designs targeting higher capacities [Wikipedia](https://en.wikipedia.org/wiki/Allam_power_cycle). - **Fuel Type or Energy Source**: Primarily uses natural gas, though the cycle can potentially adapt to other carbonaceous fuels with oxy-fuel combustion. - **Key Differentiators**: The technology inherently captures nearly 100% of CO2 emissions during power generation, eliminating the need for costly post-combustion capture systems. It produces pipeline-ready CO2 for sequestration or utilization, reduces pollutants like NOx, and offers competitive efficiency and cost compared to advanced natural gas plants without carbon capture [Atlantic Council](https://www.atlanticcouncil.org/blogs/energysource/carbon-capture-and-the-allam-cycle-the-future-of-electricity-or-a-carbon-pipeline-dream/). - **Development Stage**: The technology has moved beyond concept to operational demonstration. The 50 MWth test facility in La Porte, Texas, validated the cycle in 2018, and NET Power is now working toward larger-scale commercial deployments. - **Target Customers**: Utilities, industrial energy users, and government entities seeking decarbonized baseload power. The technology also appeals to sectors requiring CO2 for enhanced oil recovery or other utilization applications. ### Regulatory and Licensing Status Since the Allam Cycle is not a nuclear technology, it does not fall under the purview of the U.S. Nuclear Regulatory Commission (NRC). Instead, regulatory oversight primarily involves environmental and energy permitting through agencies like the U.S. Environmental Protection Agency (EPA) and state-level energy boards. NET Power has achieved key milestones, such as the successful operation of its demonstration plant in La Porte, Texas, since 2018, which complied with necessary environmental and operational permits. There are no widely publicized delays or regulatory hurdles specific to the technology itself, though carbon capture and storage (CCS) projects often face challenges related to pipeline infrastructure and storage site approvals. The timeline for first commercial deployment is estimated to be in the late 2020s, with NET Power targeting utility-scale projects following the success of its demonstration plant. Upcoming regulatory milestones likely include securing permits for CO2 storage and transport infrastructure for planned commercial plants, though specific dates and details remain limited in public sources [NET Power](https://netpower.com/technology/). ### Team and Leadership Information on NET Power’s current leadership team is not fully detailed in the most recent public records, but key figures associated with the Allam Cycle’s development include: - **Rodney John Allam**: Co-inventor of the cycle, an English engineer with expertise in energy systems and carbon capture technologies. - **Jeremy Eron Fetvedt**: Co-inventor and a key technical leader, recognized for contributions to the cycle’s design and validation. - **Danny Rice**: CEO of NET Power (as of recent updates), leading the company’s commercialization efforts with a background in energy sector leadership. Verified social media handles for these individuals are not publicly available or confirmed in the latest data, so they are omitted here. The leadership team is supported by a technical staff focused on scaling the technology for commercial applications. ### Funding and Financial Position NET Power has secured significant funding to support the development and commercialization of the Allam Cycle. While exact figures for total funding raised are not fully disclosed in recent public records, the company has attracted investment from major players in the energy sector. A notable funding milestone occurred in 2021 when NET Power announced a merger with Rice Acquisition Corp. II, a special purpose acquisition company (SPAC), valuing the company at approximately $1.46 billion. This transaction provided substantial capital for scaling operations, though post-merger financial updates are limited in the public domain. Key institutional investors and strategic backers include 8 Rivers Capital, the original developer of the technology, and partners like Occidental Petroleum, which has interests in CO2 utilization for enhanced oil recovery. NET Power remains pre-revenue as of the latest available information, focusing on demonstration and early commercial projects rather than widespread revenue generation [Atlantic Council](https://www.atlanticcouncil.org/blogs/energysource/carbon-capture-and-the-allam-cycle-the-future-of-electricity-or-a-carbon-pipeline-dream/). ### Recent News and Developments | Date | Event | Details | |---------------|------------------------------------|---------------------------------------------------------------------------------------------| | Dec 18, 2025 | Industry Discussion on X | Posts on X highlight the Allam Cycle’s potential efficiency of 60% using supercritical CO2, reflecting ongoing interest in the technology. | | Aug 21, 2025 | Exergy Analysis Publication | A study published in ScienceDirect assessed regenerator performance impacts on Allam Cycle efficiency, advancing technical understanding [ScienceDirect](https://www.sciencedirect.com/science/article/abs/pii/S0196890425008829). | | Jun 13, 2025 | Integrated Energy Storage Study | Research on ScienceDirect explored Allam Cycle-based systems for cross-sector decarbonization, indicating broader application potential [ScienceDirect](https://www.sciencedirect.com/science/article/pii/S2352152X25020407). | | Jun 5, 2025 | NET Power Technology Update | NET Power updated its website with details on its oxy-combustion and sCO2 cycle, emphasizing cleaner power generation [NET Power](https://netpower.com/technology/). | | Jan 2025 | General Industry Focus on CCS | Continued discussions on carbon capture technologies, including Allam Cycle, noted in various industry posts on X, though no specific NET Power announcements. | Note: Specific news events for NET Power in 2025 are limited in public sources, and some entries reflect broader industry sentiment or research updates. ### Partnerships and Collaborations - **Occidental Petroleum (Oxy Low Carbon Ventures)**: Strategic partnership focused on CO2 utilization, particularly for enhanced oil recovery. This collaboration provides a potential revenue stream for captured CO2 and aligns with Oxy’s carbon management goals. - **8 Rivers Capital**: As the original developer of the Allam Cycle, 8 Rivers remains a key backer and collaborator in technology advancement and project development. - **Toshiba Energy Systems & Solutions**: Provided critical equipment for the La Porte demonstration plant, including turbines adapted for supercritical CO2, highlighting a technology partnership essential for scaling. These partnerships underscore NET Power’s strategy to integrate with existing energy players for both technical and commercial success, though specific utility or offtake agreements for 2025 are not widely documented. ### New Hampshire Relevance The Allam Cycle technology presents a potential fit for New Hampshire’s energy landscape, though no direct connections or expressed interest in the state are documented in recent data. Its proximity to the ISO New England (ISO-NE) grid, which serves New Hampshire, could facilitate integration as a baseload power source to complement intermittent renewables. The technology’s readiness, with a demonstration plant operational since 2018, aligns with a potential deployment timeline in the late 2020s, though commercial-scale projects are not yet confirmed in the Northeast. New Hampshire’s legislative initiatives, such as HB 710 which explores advanced energy solutions, could support interest in carbon-neutral technologies like the Allam Cycle. Potential applications include grid power to replace aging fossil fuel plants, industrial heat for manufacturing sectors, and data center load support given the region’s growing tech infrastructure. However, challenges such as CO2 storage infrastructure and pipeline development may delay adoption in a smaller state like New Hampshire without existing CCS frameworks. No specific Northeast US projects have been announced by NET Power as of the latest information. ### Competitive Position Compared to traditional natural gas combined cycle plants with post-combustion carbon capture, the Allam Cycle offers a unique advantage through inherent CO2 capture, reducing costs and complexity. Competitors like Carbon Engineering focus on direct air capture (DAC) paired with storage, which targets atmospheric CO2 rather than point-source emissions, making it less directly comparable but relevant in the broader CCS market. Another competitor, Climeworks, also emphasizes DAC but lacks the power generation component of the Allam Cycle. NET Power’s primary risk lies in scaling challenges and the dependency on CO2 storage or utilization infrastructure, which may not be universally available. Its advantage remains in efficiency and cost-competitiveness for natural gas-based power with near-zero emissions. ### Closing Note NET Power and the Allam Cycle are at a pivotal stage, transitioning from successful demonstration to anticipated commercial deployment with a promising outlook for decarbonized energy production. (Note: No official RSS feed for NET Power press releases or news was found on their website or through public search.) *Report generated December 24, 2025*