Company attributes
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NET Power makes existing power plants economically and environmentally obsolete. NET Power provides advanced clean energy to consumers worldwide by generating lower-cost power with zero emissions. The company licenses and advances its revolutionary Allam-Fetvdt Cycle which will enable the world to meet its climate goals by 2050.
NET Power’s technology, the Allam-Fetvedt Cycle, converts natural and renewable gas into zero-emissions power. The cycle reduces the world’s carbon footprint and lowers the price of energy. In May of 2018, the company's test facility in La Porte, Texas achieved first fire, validating the core technology and becoming the world’s first large-scale supercritical carbon dioxide power plant.
The NET Power technology solution is tailored to market the following needs:
- Complements current infrastructure
- Available in multiple size variations
- Compatible with low-grade fuels
- Capable of water-free production
- Has a significantly smaller land footprint
- Universally permittable
NET Power determines to meet the world’s climate goals of net-zero by 2050. The company plans to have zero emissions with no air pollutants, lower power costs with the Allam-Fetvedt Cycle reusing carbon dioxide, complementing of renewables, and multiple revenue streams. The Allam-Fetvedt Cycle drives efficiency and reduces the cost of electricity.
NET Power is a zero-emissions match for intermittent renewable energy due to its inherent energy storage capabilities and output flexibility. Rather than emitting greenhouse gases, carbon dioxide is captured and salable, along with other industrial gas coproducts (argon and nitrogen).
The process that NET Power uses involves burning fossil fuel with oxygen instead of air to generate electricity without emitting any carbon dioxide. Not using air also avoids generating NOx, the main atmospheric and health contaminant emitted from gas plants.
Part of a group of technologies known as carbon capture and sequestration (CCS), zero-emission fossil fuel plants seemingly cost a lot, adding between 5¢ and 10¢ per kWh. NET Power's new technology completely changes the steps and the approach from the ground up, basing on the Allam-Fetvedt Cycle, Allam Cycle for short. This cycle is a new, high-pressure, oxy-fuel, supercritical carbon dioxide cycle that generates low-cost electricity from fossil fuels while producing near-zero air emissions.
The cycle generates all the carbon dioxide produced as a high-pressure, pipeline-ready by-product for use in enhanced oil recovery and industrial processes, or that can be sequestered underground in tight geologic formations where it will not get out to the atmosphere for millions of years. In the Allam Cycle, a power plant is a lot smaller and can be sited in more areas than older plants can. NET Power's plant does not only sells power like most plants, it also sells carbon dioxide and other cycle by-products.
