NET Power Framework Caps Potential Reimbursement at $180 Million

NET Power is negotiating an energy services agreement with a prospective customer for a planned Texas data center project. A reimbursement framework could cover up to about $180 million in approved nonrefundable costs if the parties do not sign by Feb. 14, 2027.

Any reimbursement is conditional: the customer may reimburse eligible costs, subject to the cap. Neither party is required to sign the energy services agreement.

The project site is not yet secured, and financing remains uncommitted. NET Power management expects the company’s available cash and available-for-sale securities to cover its obligations for at least 12 months.

Management also plans to avoid major additional commitments without committed financing. The reimbursement framework’s stated deadline is Feb. 14, 2027.