---
schema_version: "secwatch.filing_event.v1"
accession: "0001845437-24-000064"
form_type: "8-K"
ticker: "NPWR"
cik: "0001845437"
company_name: "NET Power Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:12:15.661674+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Net Power reports Q3 cash burn, advances Project Permian FEED and Baker Hughes validation

## Summary
- Cash used in operations ~$8M, capex ~$22M in Q3; ended Q3 with ~$580M cash vs ~$609M in Q2.
- Signed third LNTP with Baker Hughes for ~$90M for long-lead materials for first utility-scale turboexpander.
- Project Permian FEED on track to conclude Q4 2024; initial power expected H2 2027–H1 2028.
- Announced Air Liquide as ASU supplier for Project Permian; first phase of Baker Hughes validation commissioning started Oct 2024.
- Origination efforts advancing in Alberta, northern MISO, and for gigawatt-scale deployments with data centers.

## SEC filing metadata
- accession: 0001845437-24-000064
- form_type: 8-K
- ticker: NPWR
- cik: 0001845437
- company_name: NET Power Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845437/000184543724000064/0001845437-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845437/000184543724000064/npwr-20241111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001845437-24-000064
- JSON: https://secwatch.observer/filing/0001845437-24-000064.json
- Plain text: https://secwatch.observer/filing/0001845437-24-000064.txt

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