Net Power Inc.
Close on Oct 19, 2026
- Market cap
- $89.29M
- P/E (TTM)
- –
- Dividend yield
- –
About Net Power
Electrical Industrial Apparatus, SIC 3620
Net Power is an energy technology and project development company that designs, develops, builds, owns, and operates clean natural gas power plants. Its core business focuses on integrating natural gas turbines with post-combustion carbon capture technology to produce low-carbon electricity, captured carbon dioxide, and environmental attributes. The company targets wholesale power markets as well as behind-the-meter industrial and technology customers, including hyperscalers, data centers, and oil and gas producers seeking firm power and carbon management.
Operations and project developments are located in the United States, primarily in Texas. Key project sites include an operational 50 MWth demonstration plant in La Porte, Texas, and the Project Permian development in West Texas, which is planned for up to 1 gigawatt of power generation capacity. Net Power is headquartered in Durham, North Carolina, and operates an additional corporate office in Houston, Texas.
Summary of the business section of Net Power's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Net Power Inc.
- Founded
- 2010
- Headquarters
- Houston, TX
- Address
- 11700 Katy Freeway, Suite 700 77079
- Phone
- (888) 323-6797
- Employees
- 54, Dec 31, 2025
- Industry
- Electrical Industrial Apparatus
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- GRANT THORNTON LLP, Raleigh, North Carolina
Stock & identifiers
- Ticker
- NPWR
- Other tickers
- NPWR.WT
- Exchange
- NYSE
- IPO date
- Jun 17, 2021
- Shares outstanding
- 225M, Aug 11, 2026
- Public float
- $73.80M, Jun 30, 2025
- Filer category
- <br>Emerging growth company
- SEC CIK
- 1845437
- CUSIP
- 64107A105
- ISIN
- US64107A1051
- EIN
- 98-1580612
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Ned Leland Shuman | Chief Financial Officer | 529,801 |
| Marc Horstman | Chief Operating Officer | 167,659 |
| Kelly Rosser | Chief Accounting Officer | 74,098 |
| Brian F. Allen | COO and President | 1,137,029 |
| Akash S. Patel | Chief Financial Officer | 1,098,238 |
| Ralph Alexander | Director | 197,595 |
| Alejandra Veltmann | Director | 176,151 |
| Joseph T. Kelliher | Director | 206,254 |
| Carol R. Peterson | Director | 176,151 |
Employees
Headcount reported in annual reports
“As of January 31, 2026, we had 54 full-time employees and 12 contr actors and on-site service employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 3, 2026 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 21, 2025 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jun 30, 2023 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jun 14, 2023 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 9, 2023 | Delisting | Notice of delisting from exchange (Form 25) |
| Jun 7, 2023 | Name change | Name changed from Rice Acquisition Corp. II to Net Power Inc. |
| Dec 23, 2022 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jun 17, 2021 | IPO | Initial public offering priced (424B4 prospectus) |
| Jun 15, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |