Welcome to our dedicated page for NET POWER news (Ticker: NPWR), a resource for investors and traders seeking the latest updates and insights on NET POWER stock.
Net Power Inc. (NYSE: NPWR) is an energy technology company that regularly issues updates on the development and commercialization of its proprietary NET Power Cycle and related clean firm power projects. This news page aggregates company press releases and other coverage so readers can follow how NET Power’s natural gas-based, low-emissions power solutions are progressing from demonstration to utility-scale deployment.
According to its public statements, Net Power focuses on transforming natural gas into clean, reliable and affordable power. Its news flow often centers on project milestones at the La Porte, Texas demonstration facility, engineering and cost optimization work for Project Permian in West Texas, and the advancement of clean firm power hubs. Announcements also highlight partnerships with companies such as Baker Hughes, Air Liquide, Woodside Energy and Entropy Inc., reflecting the broader ecosystem around Net Power’s technology.
Investors and industry observers can use this page to track quarterly earnings releases, conference call schedules, business updates, technology validation results, and changes in corporate strategy, such as the company’s expanded focus on gas turbines paired with post-combustion carbon capture. Leadership changes, liquidity updates and origination efforts for new sites, including the northern MISO region, also appear in the company’s news.
By reviewing the articles linked here, readers gain context on Net Power’s progress toward commercial projects, its approach to cost reduction and feasibility studies, and its responses to market conditions for firm power and decarbonization. Bookmark this page to access an organized stream of NPWR news, from financial disclosures to project development announcements.
Net Power (NYSE: NPWR) reported Q3 2024 results, highlighting progress in commercializing their clean power solution. Key developments include: commencing Baker Hughes equipment validation at La Porte facility, advancing FEED work for Project Permian (their first utility-scale project), signing a $90 million LNTP with Baker Hughes for long-lead materials, and announcing Air Liquide as ASU supplier. The company ended Q3 with approximately $580 million in cash and investments, down from $609 million in Q2. Cash flow used in operations was $8 million, while capital expenditures were $22 million.
NET Power Inc. (NYSE: NPWR) has announced its schedule for reporting third quarter 2024 financial results. The company will release its financial report after the market closes on Monday, November 11, 2024. Following this, NET Power will host a conference call to discuss the results on Tuesday, November 12, 2024, starting at 8:30 AM ET.
Investors and interested parties can access the live audio webcast of the conference call through NET Power's investor relations website at ir.netpower.com. For those who prefer to participate by phone, the company has provided dial-in numbers: 877-407-8014 for domestic callers and +1 201-689-8053 for international callers. An archived version of the webcast will be made available after the call for those unable to attend live.
NET Power Inc. (NYSE: NPWR) reported its Q2 2024 results and provided a business update. Key highlights include:
1. Continued site work at La Porte demonstration facility for upcoming equipment validation campaigns.
2. Advanced FEED work for Project Permian, the first utility-scale project in West Texas.
3. Accelerated prospecting and site evaluation for multiple originated projects in North America.
4. Filed interconnection application with MISO for OP1, the company's first originated project.
5. Cash flow used in operations was ~$8 million, with another ~$8 million used for capital expenditures.
6. Ended Q2 2024 with ~$609 million in total cash, cash equivalents, and investments, down from ~$626 million in Q1 2024.
The company remains on track for key milestones, including the start of equipment validation testing in Q4 2024 and the completion of Project Permian FEED in Q4 2024.
NET Power Inc. (NYSE: NPWR) has announced its schedule for the second quarter 2024 earnings release and conference call. The company will report its financial results after market close on Monday, August 12, 2024. A conference call to discuss these results is scheduled for Tuesday, August 13, 2024, at 8:30 AM ET.
Investors and interested parties can access the live audio webcast of the conference call through NET Power's investor relations website at ir.netpower.com. For those who prefer to participate by phone, the dial-in numbers are 877-407-8014 (domestic) and +1 201-689-8053 (international). An archived version of the webcast will be made available following the call for those unable to attend live.
Infinitum, creator of the sustainable air-core motor, has secured a $35 million Series E extension from Marunouchi Innovation Partners and Rice Investment Group. This brings the total Series E funding to $220 million, aimed at scaling the company to meet customer demand and drive decarbonization. Infinitum's air-core motor systems offer significant advantages over traditional motors, including:
- 10-65% less energy consumption
- 50% smaller and lighter
- 66% less copper usage
- Integrated variable frequency drive
- Customizable power and torque
- Modular design for easy servicing and recycling
The U.S. Department of Energy estimates that advanced motor technology could save 127 TWh/yr, resulting in $14.7 billion in cost savings and 90.2 MMT of CO2 reductions in the industrial and commercial sectors.
NET Power (NYSE: NPWR) reported Q1 2024 results, highlighting progress at La Porte demonstration facility, FEED work for Project Permian, and MISO interconnection application for OP1. The company continues to focus on technology development, project backlog, and supply chain preparation. Cash flow used in operations was $3 million, investing activities $106 million. NET Power ended Q1 2024 with $625 million cash and investments, no debt.
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