# NET Power completes merger with Rice Acquisition Corp. II

NET Power completed its business combination with Rice Acquisition Corp. II, giving it an enterprise value of approximately $1.5 billion. The combined company will trade on the NYSE as NPWR, with proceeds of over $675 million to fund commercialization by 2026.

- Type: Acquisition
- Announced: 2023-06-08
- Where: United States
- Value: $675.0M
- Status: completed
- Products: clean natural gas power generation technology
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Net Power](https://endata.com/companies/69804.md)
- [Rice Acquisition Corp. II](https://endata.com/companies/69904.md) (acquirer)

## Sources

- [ir.netpower.com](https://ir.netpower.com/resources/press-releases/detail/18/net-power-completes-merger-with-rice-acquisition-corp-ii-to-accelerate-clean-natural-gas-power-generation), 2023-06-08: "NET Power's proven technology generates near zero-emissions utility-scale power, delivering the world's first scalable solution that achieves the energy trifecta: clean, affordable, reliable energy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.