---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-105072"
form_type: "8-K"
ticker: "NPWR"
cik: "0001845437"
company_name: "NET Power Inc."
filed_at: "2026-09-03T20:30:20+00:00"
generated_at: "2026-09-03T20:35:19.579930+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-105072
- form_type: 8-K
- ticker: NPWR
- cik: 0001845437
- company_name: NET Power Inc.
- filed_at: 2026-09-03T20:30:20+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845437/000110465926105072/0001104659-26-105072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845437/000110465926105072/tm2624794d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-105072
- JSON: https://secwatch.observer/filing/0001104659-26-105072.json
- Plain text: https://secwatch.observer/filing/0001104659-26-105072.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.