Strategic Partnership with Entropy
NET Power Inc. announced a partnership with Entropy to accelerate the deployment of clean gas projects in the U.S. This collaboration focuses on using proven technologies like post-combustion carbon capture (PCC) to provide scalable, reliable power.
Project Permian and Northern MISO Developments
NET Power Inc. plans to develop clean power hubs in West Texas and Northern MISO, leveraging existing infrastructure. The Permian project targets a levelized cost of energy (LCOE) below $80/MWh due to low gas costs and carbon utilization.
Proven Technology and Bankable Projects
The combination of conventional gas turbines with Entropy's PCC technology is seen as bankable, enabling project financing for a substantial portion of the total CapEx.
Optimized Economics in West Texas
West Texas offers the lowest cost environment for clean firm power due to cheap natural gas and industrial CO2 utilization, enhancing the project's economic viability.