NET Power, a company owned by Exelon Generation, McDermott, 8 Rivers Capital and Oxy Low Carbon Ventures, delivers
zero-emission, low-cost electricity to the grid from natural gas-fueled technology. This is the first time this has been achieved in the world and represents a major milestone for the energy industry in its quest to reach aggressive climate-reduction targets.
A New Era of Energy
NET Power has developed a novel power system that produces low-cost, reliable and flexible electricity from natural gas, while generating no atmospheric emissions, including full CO2 capture and no NOx production. As the world moves towards lower carbon energy sources, NET Power has the potential to provide carbon-free, affordable, and flexible power from natural gas.
- Produces low cost electricity from natural gas
- When using air cooling, operates water-free
- Eliminates virtually all carbon emissions, with full capture of CO2 and no production of nitrogen oxides
- Generates an additional revenue stream from sale of CO2 for enhanced oil recovery or other industrial purposes
NET Power has built a 50 MWth facility that demonstrates a full Allam Cycle power process. The plant achieved first-fire in May and is currently undergoing a rigorous testing program. The plant will provide the data necessary to commence detailed engineering of 300 MWe commercial scale plants for major power, oil, gas and industrial customers around the world.