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+3.57%
Close of 9 Nov 2026, in USD
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About NET Power
From its filings with the US Securities and Exchange Commission
NET Power is based in Houston, Texas and is incorporated in Delaware. Its shares trade on NYSE under the ticker NPWR. The SEC classifies its business as electrical industrial apparatus. In the fiscal year to 31 December 2025, it reported revenue of $0 and a net loss of $578.6m. At that date it held total assets of $599.7m and shareholders' equity of $203.9m.
Net Power is an energy technology and project development company focused on delivering low-carbon gas power solutions. Founded in 2010, our mission is to transform natural gas into the lowest cost form of clean firm power.
Historically, our sole business has been the development of a novel oxy-combustion power generation system (the “Oxy-Combustion Cycle”) designed to produce reliable and affordable electricity from natural gas while inherently capturing CO2 and minimizing the production of air pollutants such as SOX, NOX, and other particulates.
The Oxy-Combustion Cycle was first demonstrated at our 50 MWth demonstration facility in La Porte, Texas (the “La Porte Demonstration Facility”), for which construction commenced in 2016 and testing began in 2018. The facility was ultimately synchronized to the Texas grid in the fall of 2021. During 2024, we made significant upgrades to the La Porte Demonstration Facility in preparation for validation testing of commercial-scale turbo expander components. The first of four planned phases of this equipment validation program commenced in late 2024.
Quoted from its 10-K, filed 9 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 16 Jun 2021
- Employees
- 54
- Website
- netpower.com ↗
- Head office
- 11700 KATY FREEWAY, HOUSTON, TX, 77079
- Incorporated in
- DE
- Classification
- Electrical Industrial Apparatus
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Peter BennettIndependent Non-Executive Chairman of the Board
- Mr. Daniel RicePresident, Chief Executive Officer, Interim Chief Financial Officer, Director$21.0m
- Mr. Marc HorstmanChief Operating Officer
- Mr. Caleb Van DolahPrincipal Accounting Officer
- Mr. Ralph AlexanderIndependent Director$1.0m
- Mr. J. Kyle DerhamIndependent Director
- Mr. Frederick ForthuberIndependent Director
- Honorable Joseph KelliherIndependent Director$254,500
- Ms. Carol PetersonIndependent Director$226,000
- Mr. Brad PollackIndependent Director
- Ms. Alejandra VeltmannIndependent Director$237,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 13
- Environment
- 1
- Social
- 9
- Governance
- 30
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- NET Power Inc's technology captures over 97% of carbon dioxide emissions from power generation.
- The company's First Utility-Scale Project in Permian West Texas captures approximately 860,000 tons of CO2 annually.
- NET Power Inc's IPO on June 16, 2021, established a public market presence for its clean energy technology.
Weaknesses
- NET Power Inc has only 54 employees, indicating a small operational scale.
- The company's primary focus on clean energy technology limits its product diversity.
- The firm's operations are currently limited to the Permian West Texas region for its First Utility-Scale Project.
Opportunities
- The growing demand for carbon capture technology presents an opportunity for NET Power Inc to expand its projects.
- The company's technology aligns with global renewable energy initiatives, offering potential partnerships.
- NET Power Inc can leverage its IPO to secure additional funding for scaling operations.
Threats
- The company's reliance on natural gas as a primary fuel source poses a risk as energy markets shift toward renewables.
- Regulatory changes in the United States could impact the viability of carbon capture projects.
- Competition from other clean energy technology providers may challenge NET Power Inc's market position.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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