NET Power, a startup developing zero-emission power stations using the Allam-Fetvedt Cycle technology, has selected Zachry Group, an engineering and construction services provider, for front-end engineering design (FEED) and engineering, procurement, and construction (EPC) services for its initial utility-scale power plant. The plant is set to be the world’s first large-scale, gas-fired power facility with near-zero emissions.
The FEED process is being carried out at Zachry’s Houston Engineering office with plans for completion in 2024. Following this, the EPC work is set to commence and the facility is expected to come online in 2026.
NET Power expects that its standard, modularized utility-scale design approach will reduce capital costs for subsequent plants and enable more plants to be produced each year.
Analyst QuickTake: This announcement comes following NET Power reporting plans for the power plant in November 2022 . The plant is to be built near Occidental’s Permian Basin operations in Odessa, Texas, and is aiming for ~300 MW of carbon-free power. Additionally, as part of its operations, captured CO2 will be transported to a permanent underground sequestration location using Occidental’s existing Permian CO2 handling infrastructure and operations.
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