First Utility-Scale Project

Location:

Permian West Texas

Capacity:

~300 MWe

Capture:

~860,000 tonnes CO2 per year

Fuel:

Natural gas

Operational:

2026

Anticipated Timeline:

NET Power will engage its strategic shareholders to support the project

Key integrated process equipment and technologies

CO2 transportation and sequestration and power off-take

Expertise in plant operations and power off-take

Project development support

“We are excited to support NET Power’s first utility-scale project. This plant will accelerate plans to reduce carbon emissions to help achieve net zero goals. The project allows both companies to develop best practices that use NET Power’s technology to provide near emissions-free power for our Permian operations and future Direct Air Capture sites.”

– Richard Jackson, President, U.S. Onshore Resources and Carbon Management Operations, Occidental

“Having demonstrated the capability of the technology at La Porte, and having partnered with Baker Hughes to commercialize the NET Power system, we are excited to accelerate the deployment of this game changing technology. This plant allows for the quick ramp up in NET Power’s global deployments, providing a clear and meaningful pathway to near emission-free reliable power.”

– Ron DeGregorio, CEO of NET Power

“We are excited to support the development of the NET Power system. Our technology is robust, and the program is progressing well to deliver a world-class 300MW class suite of equipment enabling utility-scale operation in 2026, and a rapid ramp-up in commercial deployments thereafter.”

– Chris Barkey, CTO – Industrial & Energy Technology at Baker Hughes