Net Power targets nearly 200 MW first-phase capacity at Project Permian under power-first strategy
NPWR•Project Permian first-phase plan and customer support
Net Power mapped a “power-first” buildout to deliver faster, larger-scale gas-fired generation for large-load customers at Project Permian in Texas.
- The plan targets nearly 200 MW in the first phase, supported by rights to acquire 123 MW of new generation equipment.
- Closing is expected in Q3, triggering payments from cash on hand tied to manufacturing, delivery, installation milestones.
- A prospective customer may reimburse specified third-party procurement and development costs, within an aggregate cap, to reduce upfront spending.
- The reimbursement framework could support equipment financing, without committing either side to an energy services agreement or power purchases.
