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 NET Power plant in La Porte, Texas, completed in 2018, is now a test facility.

We are ambitious, serious innovators deploying
the NET Power solution today.

As the world accelerates towards decarbonized growth, NET Power is leading
a new era of advanced clean energy by making environmental economical—for everyone.

Simply put, we are power that empowers the world.

Origin Story

NET Power rises to the challenges of our time.

The 2008 global economic crisis spurred 8 Rivers Capital, a North Carolina-based innovation company,
to work on blue ocean solutions.

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

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 and capable of meeting the world’s climate goals by 2050.

2008

Economic crisis spurs 8 Rivers Capital to design a new way to generate power without emitting carbon dioxide.

2010

NET Power is founded on January 8, 2010.

8 Rivers Capital makes the first investment and provides on-going vision, technology development, engineering, sales, marketing and project development support.

Both organizations are headquartered and co-located at the historic American Tobacco Campus in Durham, North Carolina.

2012

McDermott becomes the second investor, advancing 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 on the 50 MWt La Porte, Texas test facility begins in March, rivaling the world’s most elite facilities including NASA.

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.