NET Power produces power from natural gas at costs comparable to existing technologies. All CO2 is captured at no extra cost.
Business Model:
Revenue: $2.3M
Employees: 51-200
Address: 406 Blackwell Street
City: Durham
State: NC
Zip: 27701
Country: US
NET Power: · Produces clean power from natural gas inherently capturing all emissions with superior economic advantage to any emitting and non-emitting source of power generation · Partners are 8 Rivers, Exelon, McDermott, and Occidental Petroleum · 50 MWth plant constructed in La Porte, TX is now under its operational testing phase with power being supplied to the ERCOT grid soon · Commercial unit will be 500MWth, and we are engaged with many customers globally for these units · Allows the world to meet all its climate targets at power prices the entire world can afford
Contact Phone:
+19196671800
Contact Email:
Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 10/2014 | Funding Round | 1 | $89.6M |
Exelon Corporation Exelon Corporation Exelon Corporation Exelon Corporation |
6/2012 | Funding Round | $0 |
Shaw Group Shaw Group Shaw Group Shaw Group |
11/2018 | Funding Round | 1 | - |
Oxy Low Carbon Ventures Oxy Low Carbon Ventures |
6/2010 | Seed Round | $0 |
8 Rivers 8 Rivers 8 Rivers 8 Rivers |
11/2018 | Funding Round | 1 | - |
Oxy Low Carbon Ventures Oxy Low Carbon Ventures |
6/2012 | Funding Round | 1 | $50.4M |
Shaw Group Shaw Group Shaw Group Shaw Group |
6/2010 | Seed Round | 1 | $10M |
8 Rivers 8 Rivers 8 Rivers 8 Rivers |
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