Net Power reports Q2 cash $475M; Project Permian LCOE below $100/MWh

NET Power Inc.

Cash, cash equivalents and investments of $475M as of June 30, 2025.
Project Permian LCOE target below $100/MWh, improved >33% via integrated gas turbine product configuration.
SN1 total installed cost reduced to $1.6-1.9 billion while preserving performance.
Expanded 45Q credits and reinstated bonus depreciation yield ~$20/MWh LCOE improvement at Project Permian.
La Porte facility resumed testing; over 150 hours completed in July; Phase 1 testing expected in 2025.

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