Net Power Closes Acquisition of EMPower's Position Under EPC Agreement for 123 MW of Power Generation
Net Power Inc. announced it has closed its previously announced acquisition of rights to 123 MW of new natural gas power generation equipment from EMPower, completing the deposit and exclusivity agreement announced on August 24, 2026. This brings Net Power's total potential power generation capacity to nearly 200 MW for the first phase of Project Permian in West Texas.
Why it matters — The closing advances the initial phase of Project Permian, increasing Net Power's secured power generation capacity to nearly 200 MW and moving its first powered land project forward.