Rice Acquisition Corp. II

Activity by year

2023202420252026

AcquisitionInvestment

Jun 8, 2023ACQUISITIONUnited States$675.0M
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.
Net Power Rice Acquisition Corp. II acquirer #Power Generation Equipment ir.netpower.com
May 19, 2023INVESTMENT$50.0M
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.
Net Power SK디앤디 investor Rice Acquisition Corp. II partner #Power Generation Equipment ir.netpower.com
Apr 24, 2023INVESTMENTDurham, North Carolina, United States$275.0M
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.
Net Power Occidental investor Rice Acquisition Corp. II partner #Power Generation Equipment ir.netpower.com

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