---
schema_version: "secwatch.filing_event.v1"
accession: "0001845437-24-000016"
form_type: "8-K"
ticker: "NPWR"
cik: "0001845437"
company_name: "NET Power Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:44:17.753253+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

# NET Power Q1 cash $625M, no debt; La Porte validation starts Q4 2024, Project Permian FEED to conclude Q4

## Summary
- Q1 cash used in operations ~$3M; investing ~$106M ($96M securities, $10M capex).
- Cash and investments $625M at March 31, 2024; no debt outstanding.
- Baker Hughes equipment validation at La Porte begins Phase 1 in Q4 2024 through 2026.
- Project Permian FEED with Zachry Group to conclude Q4 2024; first fire expected 2H2027-1H2028.
- Filed MISO interconnection application for OP1, first originated project, in April 2024.

## SEC filing metadata
- accession: 0001845437-24-000016
- form_type: 8-K
- ticker: NPWR
- cik: 0001845437
- company_name: NET Power Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845437/000184543724000016/0001845437-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845437/000184543724000016/npwr-20240513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001845437-24-000016
- JSON: https://secwatch.observer/filing/0001845437-24-000016.json
- Plain text: https://secwatch.observer/filing/0001845437-24-000016.txt

## Key facts
- Earnings Releases
  NET Power Inc. reported financial results for the quarter ended March 31, 2024.
  - Period: the quarter ended March 31, 2024
  - Result: reported results
  source text: On May 13, 2024, NET Power Inc., a Delaware corporation, issued a press release setting forth its financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845437/000184543724000016/0001845437-24-000016-index.htm

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