Company: NPWR-WT
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001845437-25-000008
Chunk: 5

Company: NET Power Inc.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 16
Chunk 5
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Item 16. Form 10-K Summary

None.

60

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 10, 2025                        NET Power Inc.     

                                 By:      /s/ Daniel J. Rice IV

                                 Name:     Daniel J. Rice IV

                                 Title:    Chief Executive Officer 

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities below on March 10, 2025.

SignaturePosition/s/ Daniel J. Rice IVChief Executive Officer and DirectorDaniel J. Rice IV(Principal Executive Officer)/s/ Akash PatelChief Financial OfficerAkash Patel(Principal Financial Officer)/s/ Kelly M. RosserChief Accounting OfficerKelly M. Rosser(Principal Accounting Officer)/s/ Peter J. BennettChair of the Board of DirectorsPeter J. Bennett/s/ Ralph AlexanderDirectorRalph Alexander/s/ J. Kyle DerhamDirectorJ. Kyle Derham/s/ Frederick A. ForthuberDirectorFrederick A. Forthuber/s/ Joseph T. KelliherDirectorJoseph T. Kelliher/s/ Carol PetersonDirectorCarol Peterson/s/ Brad PollackDirectorBrad Pollack/s/ Eunkyung SungDirectorEunkyung Sung/s/ Alejandra VeltmannDirectorAlejandra Veltmann

61

Audited Financial Statements of NET Power Inc. - Table of Contents

Audited Financial Statements of NET Power Inc.

PageReport of Independent Registered Public Accounting Firm (PCAOB ID Number 248)F-2Consolidated Balance SheetsF-3Consolidated Statements of Operations and Comprehensive LossF-5Consolidated Statement of Shareholders’ Equity and Mezzanine Shareholders' EquityF-6Consolidated Statement of Members’ Equity (Predecessor)F-7Consolidated Statements of Cash FlowsF-8Notes to Consolidated Financial Statements F-10

F-1

Audited Financial Statements of NET Power Inc. - Table of Contents

Report of Independent Registered Public Accounting Firm

Board of Directors and Shareholders

NET Power Inc.

Opinion on the