Dan Rice’s New “Net-Zero” CO2 Company Gets Extra $275M Investment

April 25, 2023April 25, 2023

Last December, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire NET Power--an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see Dan Rice Buys Co. that Builds Zero-Carbon Gas-Fired Electric Plants). The deal is not yet consummated but is getting close. Perhaps an extra $275 million will be enough to get it across the finish line?

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