---
schema_version: "secwatch.filing_event.v1"
accession: "0001845437-25-000060"
form_type: "8-K"
ticker: "NPWR"
cik: "0001845437"
company_name: "NET Power Inc."
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:33:38.930857+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Net Power shifts strategy to PCC, partners with Entropy, takes impairment on oxy-combustion

## Summary
- Signed LOI with Entropy Inc. to exclusively deploy its PCC tech for US power generation; joint development.
- Project Permian Phase I: 60MW gas turbines secured (2028 delivery), 30MW to Occidental; FID H1 2026.
- Northern MISO hub: 300MW interconnect request, target FID 2027, commercial ops 2029.
- Non-cash impairment of oxy-combustion intangible assets due to slower market acceptance.
- Ended Q3 with ~$424M cash; pivot to near-term PCC projects while continuing oxy-combustion testing.

## SEC filing metadata
- accession: 0001845437-25-000060
- form_type: 8-K
- ticker: NPWR
- cik: 0001845437
- company_name: NET Power Inc.
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845437/000184543725000060/0001845437-25-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845437/000184543725000060/npwr-20251113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001845437-25-000060
- JSON: https://secwatch.observer/filing/0001845437-25-000060.json
- Plain text: https://secwatch.observer/filing/0001845437-25-000060.txt

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