Net Power closes $58.9M acquisition of 123MW EPC contract rights for Project Permian

NET Power Inc.

Paid $58,947,272.70 total cash to EMPower: $40M premium plus $18,947,272.70 reimbursement of prior EPC payments.
Assumed ~$177.8M EPC commitments; paid $58,633,890.82 milestone to Saulsbury on closing, leaving ~$119.1M due.
Mobilization payment of $10,153,524.85 due by Oct 15, 2026; work suspended since July 1, 2026 pending full notice to proceed.
Facility: 123MW, ten Wärtsilä 20V31SG-B engines; total Project Permian capacity now nearly 200MW.
No final investment decision; funding from cash on hand, no committed project financing yet.

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