NET Power Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $109.7M
- Price
- $1.24
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.81%
- Volume
- 590.7K
About
NET Power Inc. functions as a pioneering firm in the realm of sustainable energy solutions. Its core business involves the conceptualization, refinement, and commercialization (via licensing) of innovative technologies designed for generating eco-friendly power. This enterprise, which commenced operations in 2010, maintains its principal offices in Durham, North Carolina.
Quick stats
Shares outstanding88.5M
Computed float30.2M
Float / shares34.1%
Key info
SectorIndustrials
IndustryIndustrial - Machinery
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001845437
Websitehttps://www.netpower.com
AI Summary
AI-generated1/14
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Net Power Closes Acquisition of EMPower’s Position Under EPC Agreement for 123 MW of Power Generation
Net Power closed its acquisition of the rights to 123 megawatts of new natural gas power generation equipment from EMPower USA, lifting the company's total potential capacity to nearly 200 MW for the first phase of Project Permian, its inaugural powered land project in West Texas.
Saulsbury Industries remains the turnkey EPC contractor for the facility, and Wärtsilä North America will supply ten reciprocating engine-generator sets selected for fast-start, load-following operation and modular servicing without a full-plant outage.
CEO Danny Rice highlighted that the deal was identified, protected, and closed in eighteen days, framing the speed as a competitive advantage in a market that urgently needs firm, reliable power. No purchase price or financial terms were disclosed, and the project still awaits binding power offtake agreements and a final investment decision.
Red flags
- Purchase price and financial terms of the acquisition were not disclosed
- Company may commit substantial capital to equipment before binding power offtake, site control, or financing is in place; failure to issue full notice to proceed could terminate the EPC agreement with amounts paid not recoverable
- Capital-intensive business model will likely require additional future capital raises (dilution risk flagged in forward-looking statements)
- Offtake, ERCOT interconnection, and financing milestones for Project Permian remain unresolved