Net Power Inc. Reports Q2 2025 Results, Announces Integrated Gas Turbine Strategy to Lower Energy Costs at Project Permian

Reuters
Aug 12
Net Power Inc. Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results, Announces Integrated Gas Turbine <a href="https://laohu8.com/S/MSTR">Strategy</a> to Lower Energy Costs at Project Permian

Net Power Inc. recently announced its financial and operational results for the second quarter of 2025. A key highlight of the quarter was the completion of a techno-economic analysis for integrating cost-effective gas turbine capacity (ranging from 50MW to 200MW) into Net Power projects. This integration is expected to bring significant operational, economic, and commercial synergies, with a targeted levelized cost of energy (LCOE) below $100 per megawatt hour (MWh) at Project Permian. Additionally, further cost reductions have been identified for SN1, projecting a total installed cost between $1.6 billion and $1.9 billion while maintaining product performance. President & CEO Danny Rice highlighted the company's strategy that integrates simple cycle gas turbines into project designs. This approach is anticipated to deliver power at a lower cost and sooner by installing gas turbines first and then integrating them with the Net Power Cycle. The integrated product at Project Permian has already shown a 33% improvement in LCOE due to product synergies and cost reduction efforts. Furthermore, at its La Porte test facility, Net Power completed site repairs and resumed technology validation work, achieving over 150 hours of testing in July. Phase 1 testing is set to conclude in 2025, with phase 2 expected to begin this year and complete by early 2026. Preparations for Phases 3 and 4 are underway, with completion expected in 2026 and 2027, respectively. Additionally, the development of the MISO project is on track for early deployment, with a 300MW interconnect application subject to the MISO DPP-2023 cycle timeline. The integrated product configuration is also under evaluation at this location, similar to Project Permian.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Net Power Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250811152257) on August 11, 2025, and is solely responsible for the information contained therein.

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