NET Power, a clean-energy technology company that seeks to globally deploy affordable and reliable zero-emissions energy, has plans to develop and build the world’s first utility-scale natural gas-fired power plant with near-zero atmospheric emissions.
The project fully integrates power production with transportation and underground sequestration of carbon dioxide (CO2). The new plant will be built near Occidental’s Permian Basin operations, and is expected to come online in 2026.
NET Power’s technology produces power while inherently capturing nearly all emissions with its patented oxy-fuel combustion and supercritical CO2 cycle. These plants produce clean, on-demand power at low cost and address critical issues of air quality and land use, virtually eliminating air emissions including nitrogen oxides, sulfur oxides and carbon dioxide.
NET Power selected the project located at an Occidental hosted site near Odessa, Texas, from a slate of early adopter pro