“We remain excited about the opportunity set in front of us and believe Net Power’s (NPWR) in-house engineering capabilities and expertise in power generation and carbon capture utilization can transform natural gas into the lowest-cost form of clean, reliable electricity,” said Danny Rice, Chief Executive Officer of Net Power. “As a critical next step to securing a long-term power purchase agreement (PPA) for Project Permian Phase I and subsequent larger scale Net Power deployments, Net Power has engaged a strategic advisor to facilitate our power offtake discussions. Successfully securing a formalized offtake agreement will catalyze our project financing and keep us on track for a final investment decision in the back half of this year-preserving our timeline to become the first operational natural gas power plant with post-combustion carbon capture in the United States.”