NET Power Inc.
netpower.comWhat Do They Do?
Develops natural-gas power plants with carbon capture for utilities, data centers, and industrial companies.
10-K for FY2025, filed Mar 9, 2026In response to unprecedented demand growth for low-cost, firm power generation solutions with viable pathways to decarbonize, we have…View ↗
We intend to build, own and operate clean gas power plants and monetize the various plant products, principally electricity, CO2, and…View ↗
Net Power’s end-markets can be broken down into two general categories: grid-connected and behind-the-meter. The grid-connected end-market…View ↗
Who Are Their Customers?
Plans to sell electricity through wholesale markets or utilities, and to develop behind-the-meter plants for data centers and industrial users; oil and gas and other industrial companies may also buy captured CO2.
10-K for FY2025, filed Mar 9, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$80.3MView ↗
- ▲ +185% (Loss)
- vs −$28.1M in Q2 FY2025
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Sep 8, 2026
Indefinitely suspends utility-scale oxy-combustion arrangements
The agreements end specified La Porte access and exclusivity rights but do not affect Project Permian arrangements.
Sources
8-K, filed Sep 11, 2026
In summary, the Transaction indefinitely suspends the parties’ utility-scale oxy-combustion development and commercialization arrangements…View ↗
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Aug 13, 2026
Shifts near-term focus to unabated natural-gas power
Carbon capture remains an option for later phases as customer needs, economics, and financing support it.
Sources
8-K, filed Aug 13, 2026
“We’ve spent the last four months in an intensive customer engagement and marketing process. We believe that process has given us a clear…View ↗
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Apr 13, 2026
Appoints a new chief financial officer
Lee Shuman replaced interim CFO Daniel Rice, effective April 13, 2026.
Sources
8-K, filed Apr 13, 2026
On April 10, 2026, Ned Leland (Lee) Shuman was appointed as Chief Financial Officer of Net Power Inc. (the “Company”), effective as of…View ↗
From blank-check to power development
The older report describes a blank-check company seeking a business combination; the latest describes a power developer pursuing natural-gas generation projects and carbon capture.
10-K for FY2022, filed Mar 2, 2023 10-K for FY2025, filed Mar 9, 2026We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset…View ↗
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