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Net Power Shares Rise After Finalizing 123 MW Natural Gas Equipment Deal
Shares of Net Power Inc. (NYSE:NPWR) rose in after-hours trading Thursday after the company announced it has closed the acquisition of rights to 123 megawatts (MW) of new natural gas power generation equipment for its flagship project in West Texas.
Acquisition Boosts Project Permian
The transaction, which was initially announced on August 24, 2026, and officially closed on August 31, increases Net Power's total potential generation capacity to nearly 200 MW for the first phase of its Project Permian, according to a company statement.
Net Power acquired the contractual rights from EMPower USA, LLC. As part of the deal, it also assumed commitments under an agreement with Saulsbury Industries, Inc., which will handle the engineering, procurement, and construction (EPC) of the facility.
Strategic Asset Selection
AdThe acquired position includes rights to ten engine-generator sets to be supplied by Wärtsilä North America, Inc. According to Marc Horstman, Net Power's President and Chief Operating Officer, the Wärtsilä reciprocating engines were selected for characteristics well-suited to the company's strategy.
Horstman noted the units are designed for fast-start operation and can adjust output to follow variable loads. The modular ten-unit configuration also allows individual engines to be serviced without taking the entire facility offline. Saulsbury Industries will serve as the turnkey EPC contractor for the project's construction, commissioning, and start-up.
Market Reaction
Following the announcement, shares of Net Power climbed 4.4% in after-hours trading on Thursday, reflecting investor response to the project's expansion and solidified execution plan.
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