Highest-materiality recent filing
Net Power Q1: $319M cash; hires advisor for PPA; FID targeted H2 2026
Q1 2026 cash & investments total ~$319M; no revenue or P&L disclosed in release.
Net Power names Lee Shuman CFO, replacing interim CFO Dan Rice, effective April 13, 2026
Shuman, 56, previously CFO of WattBridge Energy, led $1.6B of senior secured financings and $425M of mezzanine capital.
Net Power reports $379M cash, advances 80MW Permian clean power project
Ended Q4 2025 with ~$379M cash, cash equivalents, and investments.
Net Power withdraws MISO interconnection request on higher upgrade costs
On Dec 29, 2025, notified MISO of intent to withdraw interconnection request due to significantly higher anticipated network upgrade costs.
Net Power shifts strategy to PCC, partners with Entropy, takes impairment on oxy-combustion
Signed LOI with Entropy Inc. to exclusively deploy its PCC tech for US power generation; joint development.
Net Power reports Q2 cash $475M; Project Permian LCOE below $100/MWh
Cash, cash equivalents and investments of $475M as of June 30, 2025.
Net Power director Eunkyung Sung resigns from board, effective immediately
Director Eunkyung Sung resigned from board effective July 10, 2025.
Net Power terminates Tax Receivable Agreement with $0 payment to holders
Early termination notice delivered May 12, 2025; became final on June 12, 2025.
Net Power CAO Kelly Rosser to depart June 15; Caleb Van Dolah appointed principal accounting officer
Kelly Rosser to depart as CAO on June 15, 2025; severance includes six months salary, prorated bonus, healthcare, and acceleration of 41,743 RSUs.
Also on June 6, 2025, the Company appointed Caleb Van Dolah as the Company’s principal accounting officer, effective as of June 15, 2025.
On June 6, 2025, it was determined that Kelly Rosser will no longer serve as Chief Accounting Officer of Net Power Inc. (the “Company”), effective as of June 15, 2025 (the “Effective Date”).
Max materiality 0.80 · Median 0.55 · Most common event other_material