Net Power names Marc Horstman COO

Net Power (NPWR) announced that Brian Allen, President and Chief Operating Officer, and Akash Patel, Chief Financial Officer, will no longer serve in their roles with the Company. Both Mr. Allen and Mr. Patel have been relieved of their day-to-day responsibilities and will officially depart the Company on May 1, 2025. The Company has appointed Marc Horstman as Chief Operating Officer, effective immediately. Mr. Horstman previously served as Net Power’s Head of Product Development, joining the company in May 2023 following more than 20 years of experience in the power sector. Danny Rice, Net Power’s Chief Executive Officer, will assume the title of President as well as serve as the Company’s Interim Chief Financial Officer and lead the Company’s future project funding endeavors. “Delivering breakthrough solutions like Net Power’s requires constant assessment and adjustments along the way. Changes like these are tough but essential to ensure we’re best positioned to achieve the ambitious potential of our proprietary technology,” said Danny Rice. “I want to thank Brian and Akash for their valuable contributions to Net Power and wish them the best in their future endeavors. Looking ahead, I firmly believe we have the right leadership in place to meet the world’s ever-growing need for clean, firm power.”