other material
confidence high
sentiment neutral
materiality 0.60
Net Power signs $90M long-lead equipment deal with Baker Hughes for first utility-scale plant
NET Power Inc.
- Up to $90M for long-lead materials for turboexpander and KPEP for first utility-scale power plant.
- Payments started December 2023, remainder expected through April 2026.
- Definitive purchase agreement for turboexpander and KPEP intended in 2025 to supersede LNTP.
- Variation Agreement No. 2 dated September 30, 2024 modifies prior LNTP.