Shakeup at Rice-Backed Net Power; President and CFO Both Out

Net Power, backed by the Rice brothers (of Rice Energy and EQT fame), is on a mission to develop and deploy 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). In March, MDN brought you Net Power's 4Q24 and full-year update (see Net Power Makes Progress with Tech, High Costs a Challenge). There's been a major shakeup at the company. Two days ago, Net Power issued a press release stating that the company's President and the CFO have both been "relieved of their day-to-day responsibilities and will officially depart the Company on May 1, 2025."

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