NET Power

Produces power from natural gas at costs comparable to existing technologies.

Launch date

Apr 2009

Employees

Market cap

Enterprise valuation

(€46m) (Public information from Sep 2024)

Durham North Carolina (HQ)

http://www.netpower.com/

https://twitter.com/_netpower https://www.facebook.com/netpower https://www.linkedin.com/company/net-power-llc

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Revenues, earnings & profits over time

USD	2022	2023	2024	2025	2026
Revenues	<1m	<1m	<1m	4.0m	10.0m
% growth	-	(9 %)	(85 %)	4944 %	150 %
EBITDA	(11.2m)	(222m)	(65.1m)	(78.3m)	(68.1m)
% EBITDA margin	(1924 %)	(42343 %)	(82043 %)	(1957 %)	(681 %)
Profit	4.1m	-	-	-	-
% profit margin	701 %	-	-	-	-
EV / revenue	-	1366.5x	7817.1x	155.0x	62.0x
EV / EBITDA	-	-3.2x	-9.5x	-7.9x	-9.1x
R&D budget	19.0m	-	-	-	-
R&D % of revenue	3268 %	-	-	-	-

Date	Investors	Amount	Round
-	Rice Investment Group	N/A	-
Jun 2010	8 Rivers	N/A	Seed
Oct 2014	N/A	N/A	Seed
Oct 2015	Exelon	N/A	Early VC
Nov 2018	Oxy Low Carbon Ventures	N/A	Early VC
Dec 2022*	Rice Acquisition Corp. II	$345m Valuation: $1.5b	SPAC IPO
Dec 2022*	NGP Capital Occidental Petroleum 8 Rivers Constellation Energy Rice family Hite Hedge Asset Management	$235m	SPAC Private Placement
Apr 2023*	Occidental Petroleum Rice family	$275m	SPAC Private Placement
May 2023*	SK Group	$50.0m	SPAC Private Placement
Total Funding		€509m

Tech stackLearn more about the technologies and tools that this company uses.