NET Power, fresh off its merger in June to form a public company, reports it still has $649 million in cash on hand after the June 8 deal that generated $670 million to fuel its “energy trifecta” strategy.
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Its business combination complete, Durham clean energy firm NET Power is scheduled to begin trading today on the NYSE after the merger with Rice Acquisition Corp through a so-called SPAC merger.
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NET Power, the Durham-based company looking to build a clean energy plant, says its merger with Rice Acquisition Corp. is likely to happen as soon as Thursday and will raise “at least $670 mllion” as part of the deal.
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NET Power, the Durham-based company looking to build a clean energy plant, says it has secured an additional $275 million in capital for its proposed business merger with Rice Acquisition Corp.
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NET Power is moving closer to building what it calls “the world’s first large-scale gas-fired power facility with near-zero emissions” and includes carbon capture technology.
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NET Power, which developed technology that could enable power plants to recapture all carbon dioxide, announced a new strategic partner and investor.
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Durham-based 8 Rivers Capital will partner with The Southern Ute Indian Tribe Growth Fund to design, develop, and build a zero-emissions power plant, using technology developed by NET Power, in southern Colorado.
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DURHAM – The future of electrical power generation could very well be built in Durham where NET Power charges ahead with technology that might remake the grid. NET Power announced an undisclosed investment from an Occidental Petroleum subsidiary, Oxy Low Carbon Ventures (OLCV), last week. It’s the latest in...
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Another major energy supplier has signed on to back Durham-based NET Power, which is developing technology to captures all carbon dixoide produced in electric power through natural gas.
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