Net Power Inc.
NET Power Inc. (NYSE: NET) is an energy technology and project development company focused on delivering low-carbon gas power solutions. Founded in 2010, the company operates through a business model centered on designing, developing, building, owning, and operating clean gas power plants that integrate natural gas… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Net Power Inc. does
In the company’s own words
NET Power Inc. (NYSE: NET) is an energy technology and project development company focused on delivering low-carbon gas power solutions. Founded in 2010, the company operates through a business model centered on designing, developing, building, owning, and operating clean gas power plants that integrate natural gas turbines with post-combustion carbon capture technology.
Historically, NET Power developed the Oxy-Combustion Cycle, a novel oxy-combustion power generation system designed to produce reliable and affordable electricity from natural gas while inherently capturing carbon dioxide and minimizing air pollutants. The company demonstrated this technology at its 50 megawatt thermal La Porte Demonstration Facility in Texas, which commenced testing in 2018 and synchronized to the grid in 2021. However, after completing front-end engineering and design for its first utility-scale plant in December 2024, NET Power determined that the Oxy-Combustion Cycle would not be economically competitive on an acceptable timeline given current market demands.
In response to unprecedented demand for low-cost, firm power generation solutions, NET Power has broadened its business strategy to prioritize the development of clean gas power plants pairing gas turbines with post-combustion carbon capture. In November 2025, the company signed a letter of intent with Entropy Inc. to negotiate exclusive licensing and commercialization rights to Entropy's proprietary amine-based solvent carbon capture technology for power generation in the United States. NET Power is developing a modular, standardized clean gas power product incorporating this technology and is advancing Project Permian in West Texas, designed to accommodate up to one gigawatt of clean firm power generation capacity in multiple phases, with Phase I expected to deliver approximately 80 megawatts of net power output.
The company generates returns by monetizing multiple products and attributes from its plants, including electricity sales, carbon dioxide management and associated incentives, and environmental attributes. NET Power maintains strategic partnerships with major investors including OXY, Constellation Energy Generation, and 8 Rivers Capital. As of January 31, 2026, the company employed 54 full-time employees and 12 contractors, with headquarters in Durham, North Carolina and a corporate office in Houston, Texas. The company website is www.netpower.com.
Company details
- Sector
- Technology
- Industry
- Electronic Equipment
- Headquarters
- HOUSTON, TX
- Fiscal year end
- December
- CIK
- 1845437
- SIC
- 3620
Financial performance, year by year
Fiscal 2022–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Net Power Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Net Power Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do Net Power Inc. and its peers compare on margins and cash generation over ten years?”
- “Where did five years of Net Power Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in Net Power Inc.'s last four quarterly filings that the numbers alone won't show?”