NET Power (NPWR) Investor presentation summary

Leadership and strategic partnerships

• Executive team brings decades of experience in energy, finance, and technology development.

• Baker Hughes and Occidental are key strategic partners, providing investment, technology, and operational support.

• Board includes leaders from major energy companies, ensuring industry expertise and guidance.

Technology development and validation

• Developed a patented oxy-fueled power cycle that captures nearly all carbon emissions and avoids criteria pollutants.

• La Porte test facility validated the technology with over 1,500 hours of runtime and multiple successful campaigns.

• Baker Hughes is advancing turboexpander technology, leveraging expertise in high-temperature, high-pressure systems.

• Ongoing validation campaigns at La Porte are de-risking utility-scale adoption, with full-scale demonstration planned.

Commercialization roadmap and market opportunity

• Project Permian in Texas will be the first utility-scale deployment, with construction starting in 2025 and initial power generation expected between late 2027 and early 2028.

• Target markets in North America are forecasted to require a 40-60% increase in installed capacity by 2040, driven by retirements and electrification.

• Total addressable market estimated at 2,500–3,200 plants, with serviceable market at 1,500–2,000 plants where CO2 storage is feasible.

• Origination strategy focuses on identifying optimal sites and building stakeholder partnerships to enable fleet deployments.