Net Power Inc. (NPWR) Form 8-K — Sep 11, 2026
Net Power entered into three integrated agreements with Baker Hughes affiliates Nuovo Pignone S.r.l. and Nuovo Pignone International S.r.l. on September 8, 2026 that indefinitely suspend the utility-scale oxy-combustion joint development and commercialization arrangements under the Amended and Restated Joint Development Agreement and Commercial Agreement, and amend the License Agreement. The company attributes the move to its determination that continuing the utility-scale turboexpander and NET Power Platform programs was not economical at this time.
Key figures
- Baker Hughes Ownership
- Baker Hughes Energy Services LLC beneficially owns more than 5% of outstanding common stock
- Warrant Exercise Price
- $11.50 per share (NPWR-WT, per 8-K cover page)
- Impairment Charge Q22026
- $193.7 million non-cash charge reducing the Developed Technology Asset Group, including the La Porte Demonstration Facility, to zero (previously disclosed)
- Jda Suspension Effective
- retroactive to January 1, 2026, indefinite duration
- Royalty Determination Window
- 180 days after written royalty proposal, then binding independent expert determination
AI analysis
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