NET Power Inc (N:NPWR)
Business Focus: Heavy Electrical Equipment
| Sector: Industrials | Industry: Heavy Electrical Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 404 Hunt Street, Suite 410 DURHAM NC 27701 |
| Tel: | N/A |
| Website: | https://netpower.com |
| IR: | See website |
| Key People | ||
| Brian Allen President, Chief Operating Officer | Daniel Joseph Rice Chief Executive Officer, Director | Akash Patel Chief Financial Officer |
| Business Overview |
| NET Power Inc. is a clean energy technology company. It is engaged in developing its proprietary NET Power Cycle, which transforms natural gas into low-cost, clean, and reliable power. The NET Power Cycle is designed to inherently capture carbon dioxide (CO2) while producing virtually no air pollutants such as sulfur oxides (SOX), nitrogen oxide (NOX) and other particulates. The NET Power Cycle is designed to achieve clean, reliable, and low-cost electricity generation through its highly recuperative oxy-combustion process. This process involves the combination of two technologies: oxy-combustion and supercritical CO2 power cycle. Its customers include electric utilities, oil and gas companies, midstream oil and gas companies, technology companies, and industrial facilities, both in domestic and international markets. It deploys its utility-scale plants across the world by partnering with power producers, energy producers, technology providers, local communities and other stakeholders. |
| Financial Overview |
| For the three months ended 31 March 2024, NET Power Inc revenues decreased from $50K to $0K. Net loss decreased 33% to $11.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Basic Earnings per Share excluding Extraordinary Items increased from -$0.25 to -$0.16. |
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