Net Power signs deal to add 123 MW of generation equipment rights for Texas project

Reuters2026/08/24 13:28

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Net Power signed agreements to secure rights to acquire 123 MW of gas-fired generation equipment for Project Permian’s first phase.
A $20 million deposit under a deposit and exclusivity deal will be credited at closing, expected in the third quarter.
The added equipment would lift potential first-phase capacity to nearly 200 MW.
A prospective customer entered a cost-reimbursement agreement covering certain documented third-party procurement and development costs, subject to a cap.
The reimbursement framework does not commit either party to an energy services agreement or any power purchase.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Net Power Inc. published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Net Power signs deal to add 123 MW of generation equipment rights for Texas project

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