Project Permian

NET Power is building the world’s first utility-scale natural gas power plant with near-zero emissions near Odessa, Texas, set to start in 2026. Using an oxy-fuel supercritical CO₂ cycle, the plant will generate low-cost, on-demand electricity while capturing and permanently storing nearly all CO₂, alongside eliminating NOₓ and SOₓ. The utility-scale clean-energy power plant project is being developed by a NET Power-led consortium in collaboration with Occidental (OXY)—with the facility slated to be built near Occidental’s Permian Basin operations in West Texas