All updates

All updates

icon
Filter
Product updates
NET Power selects Zachry Group for the construction of its utility-scale power plant
Alternative Energy
Apr 11, 2023
This week:
Orijin raises seed funding for product development and expansion
Conservation Tech
Yesterday
Orijin raises seed funding for product development and expansion
Smart Farming
Yesterday
Product updates
Perplexity adds OpenAI o1 model and develops homepage widgets
Foundation Models
Yesterday
Partnerships
Nikola partners with WattEV to supply 22 BEVs
Truck Industry Tech
Yesterday
M&A
Zebra Technologies to acquire Photoneo from Photoneo Brightpick Group for undisclosed sum
Logistics Tech
Yesterday
Funding
Scope Technologies increases private placement offering to CAD 1.8 million
Machine Learning Infrastructure
Yesterday
Funding
Firefly Neuroscience raises USD 12.4 million in growth funding to commercialize technology
AI Drug Discovery
Dec 31, 2024
Listing
Nasdaq affirms delisting of OpGen after failed appeal
Precision Medicine
Dec 31, 2024
Funding
Rumble raises USD 775 million in strategic investment to support growth
Creator Economy
Dec 31, 2024
Product updates
InstaDeep releases open-source genomics AI model Nucleotide Transformers
Foundation Models
Dec 31, 2024
Alternative Energy

Alternative Energy

Apr 11, 2023

NET Power selects Zachry Group for the construction of its utility-scale power plant

Product updates

  • 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.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.