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NET Power has partnered with Zachry Group for the construction of the world’s first large-scale gas-fired power facility with near-zero emissions. This landmark project aims to transform natural gas into low-carbon power, utilizing NET Power’s patented oxy-combustion technology.
The partnership marks Zachry Group as NET Power’s first EPC collaborator, with Front-End Engineering Design (FEED) work currently underway in Houston and expected to be completed in 2024. Construction is slated to commence shortly thereafter, with the plant expected to begin operations in 2026.
This modular design approach is intended to reduce capital costs and increase production capacity for future plants, highlighting NET Power’s commitment to delivering clean, reliable, and affordable energy.
Rice Acquisition Corp. II has priced its IPO at $10.00 per unit, raising a total of $300 million by offering 30,000,000 units, up from a base of 25,000,000. The units will trade on NYSE under the ticker symbol 'RONI U' starting June 16, 2021. Each unit includes one Class A ordinary share and a quarter of a warrant, with the full warrant priced at $11.50 for a separate Class A share. The IPO is expected to close on June 18, 2021, with underwriters having the option to purchase an additional 4,500,000 units. The company targets businesses in energy transition or sustainability.
