Net Power Reports Second Quarter 2026 Results and Provides Business Update
Net Power is recalibrating its commercial strategy to prioritize fast-deploy, unabated natural gas power generation to meet immediate demand from AI and data centers, delaying carbon capture to future phases. The company reported $310 million in liquidity, sufficient to fund operations for 12 months, but noted that no project-level financing, customer deposits, or partner capital has been committed for Project Permian. Net Power has contracted two modular gas turbine sets totaling approximately 68 megawatts for Project Permian, while the letter of intent with Entropy Inc.
Key figures
- Cash
- $310 million
- Contracted power mw
- 68
- Liquidity runway months
- 12
AI analysis
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