Houston-based Net Power recently announced two agreements to advance its strategy of prioritizing speed, reliability and scale for large-load customers. Net Power secured the rights to acquire 123 megawatts of gas-fired power generation equipment to bring its total potential power generation capacity to almost 200 megawatts for Phase I of Project Permian. It’s the inaugural powered land project in Texas for Net Power, an energy technology company focused on development of natural gas power generation projects.
Net Power also agreed with a prospective end customer on a cost reimbursement program. Danny Rice, CEO, said Aug. 24, “These agreements provide us the opportunity to secure and deliver more power sooner with appropriate financial protections. This becomes a template we hope to replicate to secure additional generation capacity for early deployment at our first project.”
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