NET Power Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Clean energy technology
- Near-zero emissions power generation
Environmental Achievements
- Developing proprietary NET Power Cycle for low-cost, clean, and reliable power from natural gas
Social Achievements
- Partnering with power producers, energy producers, technology providers, local communities, and other stakeholders to deploy utility-scale plants
Governance Achievements
- Became a publicly listed company on the NYSE in June 2023
Climate Goals & Targets
Long-term Goals:
- Deliver clean, affordable, and reliable energy
Short-term Goals:
- Commence Baker Hughes equipment validation at La Porte
- Complete Project Permian FEED and form the project consortium
- Finalize strategic partner selection for the Air Separation Unit (ASU)
Environmental Challenges
- Developing and commercializing a breakthrough technology
Mitigation Strategies
- Steady progress across three strategic pillars: Project Permian development, La Porte facility preparation, and recuperative heat exchanger supply agreement
Supply Chain Management
Responsible Procurement
- Strategic Supplier Agreement with Lummus Technology
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- NET Power Cycle