NET Power Q2 2024 cash $609M, advances La Porte testing and Project Permian

NET Power Inc.

2024-Q2 EPS reported -$0.22 revenue$238,000

Q2 operating cash outflow ~$8M, capex ~$8M; total cash $609M vs $626M at Q1 2024.
First phase of Baker Hughes equipment validation at La Porte on track for Q4 2024; test rig ships Q3 2024.
Project Permian FEED concludes Q4 2024; signed LNTP with Baker Hughes for utility-scale turboexpander long-lead materials.
Filed MISO interconnection for originated project OP1; Class VI permit applications submitted for sequestration.
Initial power generation for Project Permian still expected H2 2027–H1 2028.

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