What Happened to NET Power?
Ticker: NPWRSPAC Year: 2021
Return
-82.7%
Current Price
$1.73
Peak Price
$17.62
Trust Size
$600M
Summary
NET Power is developing a natural gas power generation technology that produces electricity with near-zero atmospheric emissions by capturing CO2 as part of the power cycle.
What Happened
NET Power went public in June 2023 through a merger with Rice Acquisition Corp II, forming a $1.5 billion enterprise. The company's proprietary Allam-Fetvedt Cycle technology generates clean electricity from natural gas while inherently capturing CO2, eliminating the need for expensive post-combustion carbon capture. NET Power is working to build its first utility-scale plant, backed by investors including Occidental Petroleum, Baker Hughes, and 8 Rivers Capital.
Timeline
2021-05-06
S-1 Registration Filed