All categories Energy & power Net Power
NET Power is revolutionizing clean energy with its patented Allam Cycle, which produces electricity from natural gas while capturing nearly all CO₂ emissions. Unlike conventional power plants, NET Power’s process uses pure oxygen in a closed-loop system, eliminating traditional pollutants like nitrogen oxides (NOx) and sulfur oxides (SOx). The captured high-purity CO₂ can be sequestered or used industrially, ensuring minimal environmental impact. The company’s first utility-scale project, located in Texas’s Permian Basin, will generate 300 megawatts of electricity and capture 850,000 tons of CO₂ annually. By partnering with industry leaders like Occidental and Baker Hughes, NET Power is advancing global decarbonization efforts while providing reliable, affordable energy. Headquartered in Durham, North Carolina, the company aims to scale its innovative technology worldwide, offering a transformative solution for achieving net-zero emissions without compromising energy needs.
Danny Rice
CEO
Operating since 2010
50 Members
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