NET Power, Inc. is an energy technology company focused on developing and commercializing power generation plants that burn natural gas and other fuels with near-zero carbon emissions. The company’s core innovation is the proprietary Allam-Fetvedt Cycle, a supercritical carbon dioxide power cycle that captures all carbon dioxide produced during combustion without the need for separate carbon capture systems. By integrating gas combustion, heat exchange and carbon dioxide separation into a single closed-loop process, NET Power aims to deliver baseload power with efficiencies and emissions profiles competitive with conventional and renewable generation sources.
Since demonstrating its first full-scale Allam-Cycle facility in La Porte, Texas, NET Power has moved from pilot operation toward commercial deployment. The La Porte plant, which began operations in 2018, validated the cycle’s ability to generate electricity, capture carbon dioxide for industrial use or storage, and do so without emitting pollutants. Building on this proof-of-concept, NET Power is now designing larger 300- to 600-megawatt plants for utilities, oil and gas producers, and industrial customers seeking to decarbonize power generation and reduce greenhouse gas footprints.
NET Power serves markets in North America, Europe and Asia through a licensing model that allows project developers and EPC contractors to adopt the Allam-Cycle technology. Strategic partnerships and development agreements with leading energy companies—including Baker Hughes, Occidental Petroleum and Exelon—have provided both technical expertise and capital support for scaling up. The company also collaborates with regional power producers and government agencies to explore co-located carbon dioxide usage in enhanced oil recovery, chemicals manufacturing and other industrial applications.
Headquartered in Durham, North Carolina, NET Power was formed as a spin-out from the energy technology firm 8 Rivers Capital. Today, it is led by a management team of energy and engineering professionals with experience in power plant design, project finance and clean-energy innovation. Trading on the New York Stock Exchange under the ticker NPWR, the company pursues a mission to enable affordable, reliable and emissions-free power through its patented Allam-Fetvedt Cycle technology.
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