---
schema_version: "secwatch.filing_event.v1"
accession: "0001845437-26-000018"
form_type: "8-K"
ticker: "NPWR"
cik: "0001845437"
company_name: "NET Power Inc."
filed_at: "2026-05-11T20:19:30+00:00"
generated_at: "2026-05-11T20:23:46.527351+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001845437-26-000018
- form_type: 8-K
- ticker: NPWR
- cik: 0001845437
- company_name: NET Power Inc.
- filed_at: 2026-05-11T20:19:30+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845437/000184543726000018/0001845437-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845437/000184543726000018/npwr-20260511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001845437-26-000018
- JSON: https://secwatch.observer/filing/0001845437-26-000018.json
- Plain text: https://secwatch.observer/filing/0001845437-26-000018.txt

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