Net Power shifts to unabated gas, holds $310M cash, orders 68 MW turbines for Project Permian

NET Power Inc.

Q2 2026: $310M cash, cash equivalents, and investments as of June 30, 2026.
Strategic pivot to fast-to-deploy unabated natural gas power; carbon capture deferred to later phases.
Contracted two modular gas turbine generator sets (~68 MW gross) for Project Permian.
Revising arrangement with Entropy after LOI expiration; PCC may be added in future phases.
Liquidity sufficient for 12 months; no project-level financing committed for Project Permian.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.