Net Power Inc. (NPWR) has reportedly signed a contract to expand the capacity of its Project Permian in West Texas. In addition to an existing 68MW contract (two 30MW-class units), a new 123MW capacity contract has been signed, bringing the total Phase 1 capacity to approximately 200MW, it is reported.
Project Permian applies Net Power’s Allam-Fetvedt cycle technology, a supercritical CO2-based oxy-combustion power generation process, and is being pursued as a zero-emission gas power project aimed at meeting data center power demand, it is reported. The ultimate target capacity, to be developed in stages, is 1GW.
Total Phase 1 capacity is reported at approximately 200MW, combining the existing 68MW with the new 123MW, with an ultimate target of 1GW. A $20 million exclusivity deposit related to a third-party EPC (Engineering, Procurement and Construction) arrangement has reportedly been made, with deal closing targeted for the third quarter of 2026.
In the United States, investment in zero-emission, low-carbon gas power technology is reportedly increasing in response to surging data center power demand, and this capacity expansion is regarded as a representative example of that trend.
This case illustrates the progression of CO2-capturing oxy-combustion power generation technology toward commercial-scale projects.
Whether the deal closes in the third quarter and the timing of the final EPC contract are worth watching.