$NPWR
NET Power Inc. Stock $npwr

$npwr Overview Financials Valuation SEC Filings Company Website

2022 Q4 Form 10-K Financial Statement

#000121390023016333 Filed on March 02, 2023

Income Statement

Concept	2022 Q4	2022
Revenue	$0.00	$0.00
YoY Change
Cost Of Revenue		$280.0K
YoY Change		-66.27%
Gross Profit		$310.0K
YoY Change		-75.59%
Gross Profit Margin
Selling, General & Admin	$3.988M	$5.916M
YoY Change	1473.57%	748.63%
% of Gross Profit		1908.39%
Research & Development		$18.95M
YoY Change		87.44%
% of Gross Profit		6112.9%
Depreciation & Amortization	$6.630M	$13.17M
YoY Change		3.38%
% of Gross Profit		4248.39%
Operating Expenses	$3.988M	$5.916M
YoY Change	1473.57%	748.63%
Operating Profit		-$5.916M
YoY Change		-1132.7%
Interest Expense	-$14.76M	$10.14M
YoY Change	-807.59%	-250.85%
% of Operating Profit
Other Income/Expense, Net	$0.00	$25.00K
YoY Change		-101.15%
Pretax Income	-$18.74M	$4.228M
YoY Change	-1123.12%	-141.49%
Income Tax		$0.00
% Of Pretax Income		0.0%
Net Earnings	-$18.02M	$4.065M
YoY Change	-1123.12%	-141.49%
Net Earnings / Revenue
Basic Earnings Per Share		-$14.79
Diluted Earnings Per Share	-$0.42	$0.09
COMMON SHARES
Basic Shares Outstanding		3.703M shares
Diluted Shares Outstanding		3.703M shares

Balance Sheet

Concept	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.628M	$1.628M
YoY Change	-36.67%	-36.67%
Cash & Equivalents	$1.628M
Short-Term Investments
Other Short-Term Assets	$272.6K	$272.6K
YoY Change	-63.5%	-63.5%
Inventory
Prepaid Expenses	$272.5K
Receivables	$352.0K	$400.0K
Other Receivables	$7.960K	$0.00
Total Short-Term Assets	$1.908M	$1.908M
YoY Change	-42.61%	-42.61%
LONG-TERM ASSETS
Property, Plant & Equipment	$69.60M	$70.40M
YoY Change		-12.44%
Goodwill	$0.00
YoY Change
Intangibles	$5.000M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$349.9M	$349.9M
YoY Change	1.42%	1.42%
Total Long-Term Assets	$349.9M	$349.9M
YoY Change	1.42%	1.42%
TOTAL ASSETS
Total Short-Term Assets	$1.908M	$1.908M
Total Long-Term Assets	$349.9M	$349.9M
Total Assets	$351.9M	$351.9M
YoY Change	1.0%	1.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$31.78K	$31.78K
YoY Change	-77.84%	-77.84%
Accrued Expenses	$4.987M	$4.987M
YoY Change	1226.58%	1226.57%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.019M	$5.019M
YoY Change	866.38%	866.38%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$36.55M	$36.55M
YoY Change	-12.55%	-12.55%
Total Long-Term Liabilities	$36.55M	$36.55M
YoY Change	-12.55%	-12.55%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.019M	$5.019M
Total Long-Term Liabilities	$36.55M	$36.55M
Total Liabilities	$41.57M	$41.34M
YoY Change	-1.76%	-1.39%
SHAREHOLDERS EQUITY
Retained Earnings	-$39.31M
YoY Change	1.95%
Common Stock	$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$39.31M	$310.5M
YoY Change
Total Liabilities & Shareholders Equity	$351.9M	$351.9M
YoY Change	1.0%	1.0%

Cashflow Statement

Concept	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	-$18.02M	$4.065M
YoY Change	-1123.12%	-141.49%
Depreciation, Depletion And Amortization	$6.630M	$13.17M
YoY Change		3.38%
Cash From Operating Activities	-$381.6K	-$857.5K
YoY Change	429.98%	-35.63%
INVESTING ACTIVITIES
Capital Expenditures	$120.0K	$120.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change		-100.0%
Cash From Investing Activities	$0.00	$0.00
YoY Change		-100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$10.00M
YoY Change
Cash From Financing Activities	0.000	-$85.00K
YoY Change	-100.0%	-100.02%
NET CHANGE
Cash From Operating Activities	-381.6K	-$857.5K
Cash From Investing Activities	0.000	0.000
Cash From Financing Activities	0.000	-$85.00K
Net Change In Cash	-381.6K	-$942.5K
YoY Change	59.96%	-136.67%
FREE CASH FLOW
Cash From Operating Activities	-$381.6K	-$857.5K
Capital Expenditures	$120.0K	$120.0K
Free Cash Flow	-$501.6K	-$977.5K
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Interest Costs Incurred InterestCostsIncurred	65000	usd
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity Registrant Name EntityRegistrantName	RICE ACQUISITION CORP. II
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	E9
CY2022	dei	Entity File Number EntityFileNumber	001-40503
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	98-1580612
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	102 East Main Street
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	Second Story Carnegie
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Pennsylvania
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	PA
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	15106
CY2022	dei	City Area Code CityAreaCode	(713)
CY2022	dei	Local Phone Number LocalPhoneNumber	446-6259
CY2022	dei	Security12b Title Security12bTitle	Class A ordinary shares, par value $0.0001 per share
CY2022	dei	Trading Symbol TradingSymbol	RONI
CY2022	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2022	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2022	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2022	dei	Entity Shell Company EntityShellCompany	true
CY2022Q2	dei	Entity Public Float EntityPublicFloat	336700000	usd
CY2022	dei	Auditor Name AuditorName	WithumSmith+Brown, PC
CY2022	dei	Auditor Location AuditorLocation	New York
CY2022	dei	Auditor Firm AuditorFirmId	100
CY2022Q4	us-gaap	Cash Cash	1627877	usd
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	746720	usd
CY2021Q4	us-gaap	Cash Cash	2570409	usd
CY2022Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	7960	usd
CY2021Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	7960	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	272546	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	1908383	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	3325089	usd
CY2022Q4	us-gaap	Assets Held In Trust AssetsHeldInTrust	349942773	usd
CY2021Q4	us-gaap	Assets Held In Trust AssetsHeldInTrust	345044341	usd
CY2022Q4	us-gaap	Assets Assets	351851156	usd
CY2021Q4	us-gaap	Assets Assets	348369430	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	31780	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	143405	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	4986852	usd
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	375918	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	5018632	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	519323	usd
CY2022Q4	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	11721500	usd
CY2021Q4	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	11721500	usd
CY2022Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	24832440	usd
CY2021Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	30077750	usd
CY2022Q4	us-gaap	Liabilities Liabilities	41572572	usd
CY2021Q4	us-gaap	Liabilities Liabilities	42318573	usd
CY2022Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	349816773	usd
CY2021Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	345000000	usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2021Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2021Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2022Q4	roni	Common Stock Value1 CommonStockValue1	863	usd
CY2021Q4	roni	Common Stock Value1 CommonStockValue1	863	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-39310765	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-38559114	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-39309902	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-38558251	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	-228287	usd
CY2021Q4	us-gaap	Minority Interest MinorityInterest	-390892	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-39538189	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-38949143	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	351851156	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	348369430	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5796015	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	632131	usd
CY2022	roni	General And Administrative Expenses Related Party GeneralAndAdministrativeExpensesRelatedParty	120000	usd
	roni	General And Administrative Expenses Related Party GeneralAndAdministrativeExpensesRelatedParty	65000	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-5916015	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-697131	usd
CY2022	roni	Change In Fair Value Of Derivative Warrant Liabilities ChangeInFairValueOfDerivativeWarrantLiabilities	5245310	usd
	roni	Change In Fair Value Of Derivative Warrant Liabilities ChangeInFairValueOfDerivativeWarrantLiabilities	-6742750	usd
CY2022	us-gaap	Investment Income Interest InvestmentIncomeInterest	4898432	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	18341	usd
	roni	Financing Costs FinancingCosts	592641	usd
	roni	Gain Loss On Issuance Of Private Warrants GainLossOnIssuanceOfPrivateWarrants	-2175000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	4227727	usd
	us-gaap	Profit Loss ProfitLoss	-10189181	usd
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	162605	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-391892	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	4065122	usd
	us-gaap	Net Income Loss NetIncomeLoss	-9797289	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	25000	usd
	us-gaap	Stock Issued During Period Value Other StockIssuedDuringPeriodValueOther	1000	usd
	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	28785962	usd
	us-gaap	Profit Loss ProfitLoss	-10189181	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-38949143	usd
CY2022	roni	Increase In Redemption Value Of Ordinary Shares Subject To Redemption IncreaseInRedemptionValueOfOrdinarySharesSubjectToRedemption	4816773	usd
CY2022	us-gaap	Profit Loss ProfitLoss	4227727	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-39538189	usd
CY2022	us-gaap	Profit Loss ProfitLoss	4227727	usd
	us-gaap	Profit Loss ProfitLoss	-10189181	usd
	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	26000	usd
	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	9360	usd
CY2022	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-5245310	usd
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	6742750	usd
CY2022	us-gaap	Interest Income Other InterestIncomeOther	4898432	usd
	us-gaap	Interest Income Other InterestIncomeOther	18341	usd
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	2175000	usd
	roni	Offering Costs Associated With Warrants OfferingCostsAssociatedWithWarrants	592641	usd
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-7960	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-474174	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	746720	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-26625	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	58405	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	4610934	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	25918	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-857532	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1332128	usd
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	345026000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-345026000	usd
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	345000000	usd
	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	10900000	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	166587	usd
CY2022	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	85000	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	6804876	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-85000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	348928537	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-942532	usd
CY2021Q2	roni	Generating Gross Proceeds GeneratingGrossProceeds	345000000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	2570409	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2570409	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1627877	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2570409	usd
	roni	Offering Costs Included In Accrued Expenses OfferingCostsIncludedInAccruedExpenses	350000	usd
	roni	Offering Costs Paid By Related Party Under Promissory Note OfferingCostsPaidByRelatedPartyUnderPromissoryNote	157227	usd
	roni	Deferred Underwriting Commission DeferredUnderwritingCommission	11721500	usd
CY2021Q2	roni	Incurring Offering Costs IncurringOfferingCosts	19100000	usd
CY2021Q2	roni	Deferred Underwriting Commissions DeferredUnderwritingCommissions	11700000	usd
CY2021Q2	roni	Offering Costs Allocated OfferingCostsAllocated	593000	usd
CY2022	roni	Percentage Of Fair Market Value PercentageOfFairMarketValue	0.80	pure
CY2022Q4	us-gaap	Common Stock No Par Value CommonStockNoParValue	0.0001
CY2022Q4	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	10
CY2022Q4	us-gaap	Assets Net AssetsNet	5000001	usd
CY2022	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	100000	usd
CY2022	roni	Business Combination Agreement Description BusinessCombinationAgreementDescription	RONI will change its jurisdiction of incorporation by deregistering as a Cayman Islands exempted company and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware, upon which (a) RONI will change its name to “NET Power Inc.” (the “combined company”), (b) each then issued and outstanding Class A ordinary share of a par value $0.0001 each in the capital of RONI will convert automatically, on a one-for-one basis, to a share of Class A common stock, par value $0.0001 per share, of RONI (“Class A Common Stock”), (c) each then issued and outstanding Class B ordinary share of a par value $0.0001 each in the capital of RONI will convert automatically, on a one-for-one basis, to a share of Class B common stock, par value $0.0001 per share, of RONI (“Class B Common Stock”), and (d) each issued and outstanding warrant to purchase one Class A ordinary share in the capital of RONI at a price of $11.50 per share will convert automatically, on a one-for-one basis, into a whole warrant exercisable for one share of Class A Common Stock;
CY2022	roni	Aggregate Share AggregateShare	135698078	shares
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	5000001	usd
CY2022Q4	roni	Aggregate Amount AggregateAmount	200000000	usd
CY2022Q4	roni	Operating Bank Amount OperatingBankAmount	1600000	usd
CY2022Q4	roni	Working Capital Deficit WorkingCapitalDeficit	3100000	usd
CY2022	us-gaap	Other Expenses OtherExpenses	25000	usd
CY2022	roni	Sponsor Pursuant SponsorPursuant	126000	usd
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Concentration of Credit Risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation coverage limit of $250,000. As of December 31, 2022 and 2021, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles	5000001	usd
CY2022Q4	us-gaap	Shares Issued SharesIssued	19525000	shares
CY2021Q2	roni	Initial Public Offering Description1 InitialPublicOfferingDescription1	the Company consummated its Initial Public Offering of 34,500,000 Units, which included the full exercise of the underwriters’ option to purchase an additional 4,500,000 Units to cover over-allotments, at $10.00 per Unit, generating gross proceeds of $345.0 million, and incurring offering costs of approximately $19.1 million, of which approximately $11.7 million and approximately $593,000 were for deferred underwriting commissions and offering costs allocated to the derivative warrant liabilities, respectively. Of the 34,500,000 Units sold, affiliates of Rice Investment Group had purchased 1,010,000 Units (the “Affiliated Units”) at the Initial Public Offering price. The underwriters did not receive any underwriting discounts or commissions on the 1,010,000 Affiliated Units.
CY2021Q1	roni	Founder Shares And Sponsor Shares Description FounderSharesAndSponsorSharesDescription	the Sponsor received 7,187,500 Class B Units of Opco for no consideration and purchased 7,187,600 of the Company’s Class B ordinary shares, par value $0.0001, 2,500 of the Company’s Class A ordinary shares and 100 Class A Units of Opco for aggregate consideration of $26,000. Of the aggregate consideration, Opco received $1,000 for the Class A Units and the Company received $25,000 for the Class A ordinary shares and the Class B ordinary shares. The Company then subscribed for 2,500 Class A Units of Opco for $25,000.
CY2021Q2	roni	Founder Shares And Sponsor Shares Description FounderSharesAndSponsorSharesDescription	the Sponsor forfeited 90,000 Class B Units of Opco, and 30,000 Class B Units of Opco were issued to each of the Company’s independent director nominees. The Sponsor transferred a corresponding number of shares of the Company’s Class B ordinary shares to the Company’s independent director nominees. In June 2021, the Company effected a dividend, and Opco effected a distribution, resulting in an aggregate of 8,625,000 Class B ordinary shares and 8,624,900 Class B Units of Opco outstanding, of which the Sponsor owned 8,535,000 of the Company’s Class B ordinary shares and 8,534,900 Class B Units of Opco.
CY2022	roni	Sponsor Shares Description SponsorSharesDescription	The Company refers to the 8,624,900 Class B ordinary shares and corresponding number of Class B Units of Opco (or the Class A Units of Opco into which such Class B Units will convert) collectively as the “Founder Shares”. The Founder Shares consist of Class B Units of Opco (and any Class A Units of Opco into which such Class B Units are converted) and a corresponding number of Class B ordinary shares, which together will be exchangeable for shares of the Company’s Class A ordinary shares after the time of the initial Business Combination on a one-for-one basis, subject to adjustment as provided herein. The Company refers to the 2,500 Class A ordinary shares and the 100 Class A Units of Opco and a corresponding number of shares of the Company’s non-economic Class B ordinary shares (which together will be exchangeable into Class A ordinary shares after the initial Business Combination on a one-for-one basis) collectively as the “Sponsor Shares”.
CY2022	roni	Outstanding Shares Percentage OutstandingSharesPercentage	0.20	pure
CY2021Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	167000	usd
CY2022	roni	Working Capital Loans WorkingCapitalLoans	1500000	usd
CY2022Q4	roni	Price Per Warrant PricePerWarrant	1
CY2021Q2	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	10000	usd
CY2022	us-gaap	Interest Costs Incurred InterestCostsIncurred	120000	usd
CY2022Q4	roni	Founder Shares Aggregate Percentage FounderSharesAggregatePercentage	0.20	pure
CY2021Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	roni	Exercise Price Per Share ExercisePricePerShare	11.5
CY2022	roni	Expire Year ExpireYear	P5Y
CY2022Q4	roni	Additional Units Purchased AdditionalUnitsPurchased	4500000	shares
CY2022	roni	Affiliated Units AffiliatedUnits	1010000	shares
CY2022	roni	Underwriting Discount UnderwritingDiscount	0.2
CY2022Q4	us-gaap	Share Price SharePrice	0.35
CY2022	us-gaap	Other Underwriting Expense OtherUnderwritingExpense	11700000	usd
	us-gaap	Proceeds From Other Equity ProceedsFromOtherEquity	345000000	usd
	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	10260000	usd
	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	-18525962	usd
	roni	Accretion On Class A Ordinary Shares Subject To Possible Redemption Amount AccretionOnClassAOrdinarySharesSubjectToPossibleRedemptionAmount	28785962	usd
	roni	Ordinary Shares Subject To Possible Redemption OrdinarySharesSubjectToPossibleRedemption	345000000	usd
CY2022	roni	Increase In Redemption Value Of Class A Ordinary Shares Subject To Redemption IncreaseInRedemptionValueOfClassAOrdinarySharesSubjectToRedemption	4816773	usd
CY2022	roni	Ordinary Shares Subject To Possible Redemption OrdinarySharesSubjectToPossibleRedemption	349816773	usd
CY2022Q4	roni	Percentage Of Exercise Price Of Warrants Adjusted PercentageOfExercisePriceOfWarrantsAdjusted	1.15	pure
CY2022	us-gaap	Warrant Exercise Price Increase WarrantExercisePriceIncrease	0.01
CY2022	roni	Ordinary Shares Equals Or Exceeds Per Share OrdinarySharesEqualsOrExceedsPerShare	10
CY2022	roni	Increase In Fair Value Of Derivative Warrant Liabilities IncreaseInFairValueOfDerivativeWarrantLiabilities	5200000	usd
	roni	Increase In Fair Value Of Derivative Warrant Liabilities IncreaseInFairValueOfDerivativeWarrantLiabilities	6700000	usd
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice	11.5
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice	11.5
CY2022Q4	roni	Stock Pricein Dollars Per Share StockPriceinDollarsPerShare	10.17
CY2021Q4	roni	Stock Pricein Dollars Per Share StockPriceinDollarsPerShare	10
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.1036	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.2182	pure
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y3M29D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y5M15D
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0395	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.013	pure
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
	roni	Issuance Of Public And Private Warrants IssuanceOfPublicAndPrivateWarrants	21160000	usd
	roni	Loss Upon Issuance Of Private Warrants LossUponIssuanceOfPrivateWarrants	2175000	usd
	roni	Transfer Of Public Warrants To Level1 TransferOfPublicWarrantsToLevel1	-11471250	usd
	roni	Change In Fair Value Of Derivatives Warrant Liabilities ChangeInFairValueOfDerivativesWarrantLiabilities	5276500	usd
CY2021Q4	us-gaap	Derivative Instruments And Hedges Liabilities DerivativeInstrumentsAndHedgesLiabilities	17140250	usd
CY2022	roni	Change In Fair Value Of Derivatives Warrant Liabilities ChangeInFairValueOfDerivativesWarrantLiabilities	-3089060	usd
CY2022Q4	us-gaap	Derivative Instruments And Hedges Liabilities DerivativeInstrumentsAndHedgesLiabilities	14051190	usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2021Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2021Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2021Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2022Q4	us-gaap	Common Stock Value CommonStockValue		usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue		usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital		usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital		usd
CY2022	roni	Financing Costs FinancingCosts		usd
CY2022	roni	Gain Loss On Issuance Of Private Warrants GainLossOnIssuanceOfPrivateWarrants		usd
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest		usd
CY2021Q1	us-gaap	Derivative Instruments And Hedges Liabilities DerivativeInstrumentsAndHedgesLiabilities		usd
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0001845437

Files In Submission

Name	View Source	Status
0001213900-23-016333-index-headers.html	Edgar Link	pending
0001213900-23-016333-index.html	Edgar Link	pending
0001213900-23-016333.txt	Edgar Link	pending
0001213900-23-016333-xbrl.zip	Edgar Link	pending
f10k2022ex31-1_riceacq2.htm	Edgar Link	pending
f10k2022ex31-2_riceacq2.htm	Edgar Link	pending
f10k2022ex32-1_riceacq2.htm	Edgar Link	pending
f10k2022ex32-2_riceacq2.htm	Edgar Link	pending
f10k2022_riceacq2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
roni-20221231.xsd	Edgar Link	pending
Show.js	Edgar Link	pending
roni-20221231_cal.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
roni-20221231_def.xml	Edgar Link	unprocessable
roni-20221231_lab.xml	Edgar Link	unprocessable
roni-20221231_pre.xml	Edgar Link	unprocessable
f10k2022_riceacq2_htm.xml	Edgar Link	completed

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2022 Q4 Form 10-K Financial Statement

#000121390023016333 Filed on March 02, 2023

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$NPWR NET Power Inc. Stock $npwr

2022 Q4 Form 10-K Financial Statement

#000121390023016333 Filed on March 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NPWR
NET Power Inc. Stock $npwr