Net Power Q2 2024 Earnings Report
Key Takeaways
NET Power reported continued site work at La Porte demonstration facility, advanced FEED work for Project Permian, and accelerated prospecting and site evaluation for multiple originated projects in North America. The company ended the quarter with approximately $609 million in total cash, cash equivalents and investments.
Continued site work at La Porte demonstration facility in preparation for upcoming equipment validation campaigns.
Advanced Front-End Engineering and Design (FEED) work for Project Permian, the Company’s first utility-scale project in West Texas.
Accelerated prospecting and site evaluation for multiple originated projects in North America.
Filed interconnection application with Midcontinent Independent System Operator (MISO) for OP1, the Company’s first originated project.
Net Power
Net Power
Forward Guidance
NET Power expects to complete FEED for Project Permian and kick off the first of four phases of equipment validation with Baker Hughes at La Porte demonstration facility later this year.