NET Power Demonstration Plant Wins 2018 ADIPEC Breakthrough Technological Project of the Year

In May of this year, NET Power achieved first-fire at its 50MWth demonstration power plant.   The last phase of testing is underway and is expected to be completed in early 2019. 

In May of this year, NET Power achieved first-fire at its 50MWth demonstration power plant.   The last phase of testing is underway and is expected to be completed in early 2019. 

Since commencing development in 2014, NET Power identified important market needs by working with major power, oil, gas, chemical and industrial companies worldwide.  In early 2019, NET Power expects to commence detailed engineering of 300MWe commercial-scale plants with customers.

NET Power is owned by Exelon Generation (NYSE: EXC), McDermott (NYSE: MDR), 8 Rivers Capital, and, subject to regulatory approval, Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental Petroleum Corporation (NYSE: OXY).

NET Power, LLC, is a Durham, NC-based company developing the natural gas-fueled Allam Cycle power system.  For more information, please visit www.NETPower.com.

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