Completion of FEED for Project Permian
Net Power completed the front-end engineering and design (FEED) for Project Permian, marking a major milestone for the world's first utility-scale fully integrated clean gas power plant.
Successful Equipment Validation with Baker Hughes
Net Power and Baker Hughes achieved successful ignition on demand and accumulated over 140 fired hours at the La Porte demonstration facility.
Strong Liquidity Position
Net Power closed 2024 with $533 million in cash, cash equivalents, and investments, indicating a strong position to continue advancing technology and plant designs.
Strategic Partnerships and Licensing Opportunities
Collaboration with Baker Hughes and Woodside to develop an industrial-scale Net Power solution for smaller applications, opening new licensing opportunities with minimal capital outlay.