NET Power (NYSE:NPWR) (NYSE: NPWR) is an energy technology company focused on developing and commercializing zero-emissions natural gas power plants. Its flagship offering is the Allam-Fetvedt cycle, a novel power cycle that uses supercritical carbon dioxide as the working fluid and integrates oxy-combustion with high-pressure CO₂ capture. By combining these elements, NET Power’s technology produces dispatchable baseload electricity without atmospheric carbon emissions or the need for separate carbon capture equipment.
At the heart of NET Power’s portfolio is a 50-megawatt demonstration facility in La Porte, Texas, which achieved first firing in 2018. This plant validated the Allam-Fetvedt cycle under real-world conditions and demonstrated continuous power generation with near-complete carbon capture. The success of this project has laid the groundwork for commercial-scale deployments, with multiple license agreements in negotiation for 300-megawatt and larger power plants.
NET Power’s business model centers on licensing its proprietary technology and supplying key equipment modules, including turbomachinery, heat exchangers, oxygen supply systems, and CO₂ processing trains. The company collaborates with engineering, procurement and construction (EPC) contractors, equipment manufacturers and utility partners to deliver turnkey solutions. Its technology is adaptable to both utility-scale and industrial applications, such as enhanced oil recovery, chemical manufacturing and district energy systems.
Headquartered in the United States, NET Power engages with customers and stakeholders around the globe, targeting markets in North America, Europe and Asia. The company’s leadership team brings together veterans of the energy and engineering sectors, emphasizing a commercial strategy that pairs deep technical expertise with project financing and offtake arrangements. Through its integrated approach, NET Power aims to accelerate the transition to low-carbon power generation while leveraging existing natural gas infrastructure.
