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. Net Power progressed its first clean firm power development at its original Project Permian site in west Texas, which will utilize Siemens A35 gas turbines packaged by RPS paired with Entropy’s proven post-combustion capture (PCC) technology. The initial deployment will now target 80MW of electrical output. Final investment decision (FID) for the initial deployment is expected in the second half of 2026 with targeted commercial operations by early 2029, which would make it the first commercial clean gas power project in the United States.