Making Environmental Economical

The mission of NET Power is to provide advanced clean energy to consumers worldwide
by generating lower-cost power with zero emissions. Our revolutionary Allam-Fetvedt Cycle promises to enable the world to meet its climate goals without paying more for electricity.

MIT Technology Review Top 10 Breakthrough Technologies of the Year

International Excellence in Energy ADIPEC Award Winner

The mission of NET Power is to provide advanced clean energy to consumers worldwide by generating lower-cost power with zero emissions. Our revolutionary Allam-Fetvedt Cycle promises to enable the world to meet its climate goals without paying more for electricity.

MIT Technology Review Top 10 Breakthrough Technologies of the Year

International Excellence in Energy ADIPEC Award Winner

“Given that technologies need to be at scale by 2050,
they need to be commercially demonstrated with
initial market entry by 2030, which means ambitious,
serious innovation and commercialization efforts
need to be happening now.”

UNLOCKING MID-CENTURY DEEP DECARBONIZATION,
A Report from the 2020 Aspen Institute Winter Energy Roundtable

The New Power plant in La Porte, Texas, completed in 2018, serves as a test facility to advance the technology.

Origin Story

NET Power rises to the challenges of our time.

In 2008, 8 Rivers Capital, a North Carolina-based innovation company, began to work on blue ocean solutions to some of the world’s biggest problems.

One such goal was to invent a new way to generate lower-cost power without releasing carbon dioxide
into the atmosphere.

To do so, 8 Rivers designed a new type of power cycle, the Allam-Fetvedt Cycle, named after its inventors.

This New Energy Technology company, NET Power, was founded on January 8, 2010.

And in less than a decade, we succeeded.

We reimagined the natural gas power plant with NET Power’s semi-closed loop,
CO₂-powered Allam-Fetvedt Cycle.

In May of 2018, our test facility in La Porte, Texas achieved first fire,
validating the core technology and becoming the world’s first large-scale,
supercritical carbon dioxide power plant.

The Allam-Fetvedt Cycle is a pioneering platform technology and the future of advanced clean energy.
We are determined to meet the world’s climate goals by 2050.

2010

NET Power is founded on January 8, 2010.

8 Rivers Capital makes the initial investment and provides technological, engineering, and project development support.

2012

McDermott becomes the second investor, advancing the technology from concept to reality. They provide petrochemical engineering, procurement and construction expertise.

2014

Exelon becomes the third investor, providing extensive power generation and operational experience.

2016

Construction begins on the 50MWt test facility in La Porte, Texas.

2018

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.