Net Power Pivots to Focus on Post-Combustion Carbon Capture (PCC)

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 April, MDN brought you the news that Net Power experienced a major shakeup at the company, replacing both its President and Chief Financial Officer with new people (see Shakeup at Rice-Backed Net Power; President and CFO Both Out). Danny Rice assumed the role of President in addition to his existing CEO duties. The company recently issued its third quarter update with another major announcement, this one announcing a pivot in product strategy.

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