Net Power Q1: $319M cash; hires advisor for PPA; FID targeted H2 2026

NET Power Inc.

2026-Q1 EPS reported -$0.12

Q1 2026 cash & investments total ~$319M; no revenue or P&L disclosed in release.
Engaged strategic advisor to secure long-term PPA for Project Permian Phase I (80MW, Siemens A35 with Entropy PCC).
Final investment decision (FID) for Phase I expected H2 2026; commercial ops targeted early 2029.
JDA with Entropy Inc. progressing; Entropy's PCC technology proven at 90% capture rate at Glacier Gas Plant.
CEO cites potential to transform natural gas into lowest-cost clean electricity.

item 2.02item 9.01

Source: SEC EDGAR

accession 0001845437-26-000018

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