Oct 4 (Reuters) - NET Power Inc :
* NET POWER: ON SEPT 30, CO'S UNIT & BAKER HUGHES ENERGY SERVICES LLC ENTERED INTO VARIATION AGREEMENT NO. 2
* NET POWER: PURSUANT TO LNTP, CO WILL PAY BAKER HUGHES UP TO ABOUT $90 MILLION FOR PURCHASE OF LONG-LEAD MATERIALS
* NET POWER INC: PAYMENTS FOR LONG-LEAD MATERIALS UNDER ORIGINAL LETTER OF LIMITED NOTICE TO PROCEED COMMENCED IN DECEMBER 2023
* NET POWER: REMAINDER OF PAYMENTS UNDER LNTP ARE EXPECTED TO CONTINUE TO BE MADE THROUGH APRIL 2026
* NET POWER: CO, BAKER HUGHES INTEND TO ENTER INTO PURCHASE AGREEMENT FOR TURBOEXPANDER & KPEP IN 2025
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