Zero Emissions. Lower Costs. Global Solution.

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.

2018


OXY Low Carbon Ventures becomes the fourth investor, providing global CO2 storage expertise.

2021


Multiple projects are in development worldwide, racing to build the world’s first commercial-scale NET Power plant.

2050


The world meets its climate goal of net zero emissions by 2050.

Our global patent portfolio

401

NET Power
Issued Patents
(376 pending)

33

Countries with
Issued Patents
(33 pending)

221

Additional Allam-Fetvedt Cycle
Associated Global Patents
(issued and pending)

Read our News Updates and why we are called “the game-changer.”

NET Power’s Leadership Team

Ron DeGregorio

Ron DeGregorio

CEO

Charlie Bowser

Charlie Bowser

President

Akash Patel

Akash Patel

Chief Financial Officer

Brock Forrest

Brock Forrest

Chief Technology Officer

Brandon Heffinger

Brandon Heffinger

Chief Development Officer

Jim Mahon

Jim Mahon

General Counsel

World-Class Partners and Shareholders

NET Power Board

Rick Callahan