Net Power Northern MISO Power Hub

Net Power also continues to advance its clean firm power hub in northern MISO, where the Company has site control and a 300MW interconnect request through the DPP-2023 interconnection queue process. Net Power’s sequestration partner continues to advance its Class VI permit applications and both the interconnect and sequestration facilities are expected to be completed by 2028/2029. Net Power is designing Phase I of the project to utilize gas turbines paired with Entropy PCC, targeting FID in 2027 with commercial operations as soon as 2029. Net Power is in active discussions with strategic offtakers for the power.