Occidental and Rice family increase PIPE commitments in NET Power deal

Occidental and the Rice family increased their PIPE investments by $275 million combined in NET Power's proposed business combination with Rice Acquisition Corp. II, bringing total committed capital to $510 million.

“We believe NET Power's technology can accelerate emissions reductions in our existing operations.”ir.netpower.com

• 1 source
• ir.netpower.comNET Power and Rice Acquisition Corp. II Announce Upsized PIPE Commitments from Occidental and Rice Family :: Net Power Inc. (NPWR)Apr 24, 2023

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