Net Power Reports Third Quarter 2026 Results and Provides Business Update
Business Wire•12/11/2026•16:15 ET
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Key Highlights
- ➤Initial Project shifts to separate Texas site serving a prospective frontier AI model developer
- ➤Net Power ended Q3 with approximately $183 million cash and no debt
- ➤Customer reimbursement covers up to approximately $180.0 million in approved nonrefundable costs
- ➤Completing the Initial Project requires uncommitted project-level financing and additional capital
- ➤Ten Wärtsilä reciprocating engine units are planned for the Initial Project
Expert Statements
Danny Rice, Chief Executive Officer of Net Power
“This past quarter, we recalibrated our strategy to what data center customers need today and over the next decade: fast, reliable, and scalable power. Our power solution is being designed to deliver exactly that, and, just as important, our focus on co-located configurations is intended to let us serve that demand without impacting the electric grid or the customers who rely on it. We are advancing the powered land opportunities in front of us with an eye toward delivering reliable power as quickly as possible, and we will continue to allocate our balance sheet capital prudently as we work toward executing a definitive energy services agreement and project financing for our first project.”
Net Power Reports Third Quarter 2026 Results and Provides Business Update
Net Power Inc. (NYSE: NPWR) (“Net Power” or the “Company”) today announced its financial and operational results for the third quarter ended September 30, 2026.
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