SK Group commits $50M to NET Power and plans Asia joint venture

SK Group made a $50 million PIPE commitment to NET Power and Rice Acquisition Corp. II, and announced intent to form a joint venture to develop NET Power plants in Asia. The JV will use NET Power's oxy-combustion supercritical CO2 power cycle technology.

“We believe that NET Power possesses the most cost-effective technology for decarbonizing fossil fuel-based power generation, and we are thrilled to partner with SK to deploy our NET Power plants on a large scale throughout Asia.”ir.netpower.com

• 1 source
• ir.netpower.comNET Power and Rice Acquisition Corp. II Secure $50 Million PIPE Commitment from SK Group and Announce Intent to Form Joint Venture to Accelerate Deployment of NET Power Plants in Asia :: Net Power Inc. (NPWR)May 19, 2023

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