Company: NPWR-WT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001845437-25-000061
Chunk: 34

Company: NET Power Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 5
Chunk 34
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Item 5. Other Information

Equipment Supply Agreement

On November 12, 2025, we, through our wholly-owned subsidiary, entered into an Equipment Supply Agreement with Relevant Power Solutions, LLC (“RPS”) to purchase two modular gas turbine generator sets with nominal gross power of approximately 30 megawatts each (“Gas Turbine Sets”) for use in our proposed project in the Permian Basin of West Texas. The purchase price for the Gas Turbine Sets is approximately $77.7 million, which amount is payable in multiple installments through June 2028. Pursuant to the Equipment Supply Agreement, RPS will design, engineer, fabricate, manufacture, and support the commissioning and performance testing of the Gas Turbine Sets at the project site.  The Equipment Supply Agreement contains customary terms, conditions, representations, and warranties. 

Insider Trading Arrangements

During the three months ended September 30, 2025, none of our directors or “officers” (as such term is defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as each term is defined in Item 408(a) of Regulation S-K).

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