NET Power Inc. is an energy technology company that develops low-carbon power generation systems designed to produce reliable, affordable electricity from natural gas while capturing carbon emissions. The company initially focused on its proprietary Oxy-Combustion Cycle technology but shifted strategy to develop cleaner firm power solutions by pairing natural gas turbines with post-combustion carbon capture technology licensed from Entropy. NET Power generates revenue through the development and commercialization of integrated power generation projects, with financial returns dependent on securing development capital, monetizing federal tax credits for carbon capture (particularly Section 45Q credits under the Inflation Reduction Act), forming strategic partnerships with technology and project partners, and successfully moving projects from development to commercial deployment.