Net Power targets nearly 200 MW first-phase capacity at Project Permian under power-first strategy

• Net Power mapped a “power-first” buildout to deliver faster, larger-scale gas-fired generation for large-load customers at Project Permian in Texas.
• 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.
• Reimbursement framework could support equipment financing, without committing either side to an energy services agreement or power purchases.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Net Power Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260824770577) on August 24, 2026, and is solely responsible for the information contained therein.