Net Power Inc. (NYSE: NPWR) reported second-quarter 2026 results and said it is directing near-term capital and execution toward unabated natural gas power generation capacity, while retaining carbon capture as a potential later-phase option.
As of June 30, 2026, the company had $310 million in cash, cash equivalents and investments. Net Power said no project-level financing, customer deposits or partner capital had been committed for Project Permian as of the release date.
- Net Power contracted two modular gas turbine generator sets for Project Permian with nominal gross power of approximately 68 megawatts.
- The company is evaluating acquisition of additional gas power units for Project Permian.
- Net Power and Entropy are discussing potential commercial arrangements for possible later-phase deployment of post-combustion carbon capture technology.
- The company will host a conference call at 8:30 a.m. ET on August 14, 2026.
