NET Power Gets Ready for the Big Time

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Technology player NET Power announced plans last week to go public in New York through a merger with a special purpose acquisition company (Spac), targeting what it sees as a giant emerging market for near zero-emissions electricity. The North Carolina-based company, which counts Occidental Petroleum and Baker Hughes among its investors, will combine with Rice Acquisition II, a Spac formed last year by the Rice family, veterans of the US upstream natural gas industry.

Emerging Technologies, Gas-Fired Electricity, M&A, Carbon Capture (CCS), Corporate Strategy , Utilities
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