About NET Power
NET Power is a clean energy technology company with a mission to globally deliver the “Energy Trifecta”: clean, reliable, and low-cost energy. We invent, develop and license technology that provides reliable, on-demand natural gas power with life cycle emissions that are 90 percent below today’s combined cycle natural gas systems and in line with renewables coupled with batteries. Our technology also delivers a levelized cost of energy that is below both combined cycle gas turbines with carbon capture and renewables coupled with batteries. Founded in 2010 and headquartered in Durham, North Carolina, NET Power has received strategic investments from key industry partners including Occidental, Baker Hughes, Constellation and 8 Rivers.
The NET Power Advantage.
|Traditional Gas / Combined Cycle||✓||✓||X|
|Solar / Wind + Battery||✓||X|
Empower a clean world.
Globally deploy affordable and reliable zero-emissions energy.
Our values define us and serve as our guideposts for how we work with our customers, clients, partners and, most importantly, each other.
Honesty, accountability, and trust form the foundation for everything we do, and we require our partners to share these principles.
We embrace diversity, a fearless mindset and challenge conventional thinking to incubate new ideas.
We commit ourselves to the highest quality, environmental and safety standards for our customers and our communities.
We are passionate about our mission and strive to bring new opportunities and better futures to the communities we serve.
We work and celebrate as one inclusive team, supporting and inspiring each other to achieve more together than we could alone.
Strategic engagement with industry partners has advanced NET Power from concept to reality in the last 12 years. Over that time, NET Power and our strategic investors have validated the technology and prepared the company for commercialization.
NET Power is founded on January 8, 2010. 8 Rivers Capital develops the initial concept and provides seed investment. 8 Rivers now provides project development support.
Shaw Power (now McDermott) announces investment in NET Power, advancing the technology from concept to reality. McDermott provides power and petro-chemical engineering, procurement, and construction expertise.
Exelon (now Constellation) invests in NET Power, bringing extensive power generation and operational experience, with a focus on safety and reliability.
Construction begins on NET Power’s 50MWth test facility in La Porte, Texas.
The La Porte test facility achieves a key milestone—combustor first fire—and becomes the world’s first large-scale supercritical carbon dioxide power plant.
Oxy Low Carbon Ventures invests in NET Power, bringing global CO2 storage expertise.
The La Porte demonstration facility syncs to the grid, a major milestone for NET Power and the energy industry. The core technology of the NET Power Cycle is validated.
Baker Hughes, a leading energy technology company with extensive CO2 rotating equipment experience, invests in NET Power. Joint collaboration established between Baker Hughes and NET Power to develop commercial turboexpanders and other key equipment and technology for the NET Power Cycle.
With multiple projects in development globally, NET Power targets a 2026 operational date for the first utility-scale 300 MWe Class plant.