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NET Power
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Short description

Developer of oxy-fuel combustion technology to eliminate emissions from natural gas-based power generation

Founded in 2012
Founded in

Company type Public Public (NPWR)
Company type

Industry Group energy & power

Sector energy recovery

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Durham, NC Durham, United States
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Parent Companies 8 Rivers

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Updated by at on 03/30/2025

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Date Company
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Date Partner Type
02/22/2022
Baker Hughes Baker Hughes
Baker Hughes and NET Power will advance the technical and commercial deployment of NET Power's low-cost electric power system. Baker Hughes has also invested in NET Power as part of the deal.
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Confirmed by Baker Hughes
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IPO INFORMATION

Date

06/09/2023

IPO status

Listed

IPO Type

SPAC

Amount

$1.5B

Initial shares

Ticker symbol

NPWR

Exchange listed

NYSE

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Prospectus

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Description

Daniel Rice will support NET Power's SPAC to go public with the deal expected to close in Q2 2023.

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Date Investors Type Amount
02/22/2022 Baker Hughes Baker Hughes , McDermott McDermott , Constellation Constellation , Oxy Low Carbon Ventures Oxy Low Carbon Ventures , 8 Rivers Capital 8 Rivers Capital (5)
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The investment and partnership brings together industry expertise to enable the global deployment of NET Power’s technology solution. Baker Hughes will apply its advanced technology capability to develop supercritical CO2 turboexpanders and other critical pumping and compression technology for NET Power plants.
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NET Power System

Gas fired power generation technology that uses a CO2 oxyfuel power cycle that produces pipeline-ready CO2 and no air emissions.

Product Development Products - Retail
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