NET Power made progress on its corporate strategy, including finalizing the design for a utility-scale plant and preparing for equipment demonstrations at its La Porte test facility. The company is experiencing supply chain challenges, leading to a 12-month delay in the expected schedule for Project Permian, now anticipated to achieve initial power generation between the second half of 2027 and the first half of 2028. They ended the quarter with approximately $645 million in cash and short-term investments and no debt.