Net Power reports Q1 2025 with over $500M cash; testing on track

NET Power Inc.

2025-Q1 EPS reported -$1.55

Ended Q1 with over $500M in cash, cash equivalents and investments to fund tech development and testing.
Project Permian post-FEED cost reduction work ongoing to deliver a financeable first commercial facility.
Modular multi-unit feasibility study aims to reduce LCOE and meet demand for larger capacity.
La Porte testing: Phases 1-2 expected completed in 2025; Phases 3-4 by 2027 using existing balance sheet.
Phase 1 testing resumed in Q2 after unplanned downtime; site repairs underway.

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