About NET Power
NET Power is a company based in Durham (United States) founded in 2009 by Rodney Allam and Bill Brown. NET Power has raised $50.4 million across 1 funding round from investors including The Shaw Group. The company has 68 employees. NET Power offers products and services including Net Power Cycle and La Porte Demonstration Facility.
- Headquarter Durham, United States
- Employees 68
- Founders Rodney Allam, Bill Brown
- Stage Public
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website netpower.com
- Social LinkedIn
- Legal Name Net Power Inc.
- Net Profit-$578.63 M (USD)-1076.29as on Dec 31, 2025
- EBITDA-$217.14 M (USD)-117.8as on Dec 31, 2025
- Total Equity Funding$50.4M (USD)
in 1 rounds
- Latest Funding Round$50.4M (USD), Series C
Jun 2012
- Investors
- Employee Count68
Products & Services of NET Power
NET Power offers a comprehensive portfolio of products and services, including Net Power Cycle and La Porte Demonstration Facility.
The Net Power Cycle is employed as a system for generating clean and reliable energy with scalable modules
The La Porte Demonstration Facility is utilized to showcase energy solutions and their real-world applications
Funding Insights of NET Power
NET Power has successfully raised a total of $50.4M through 1 strategic funding round. The most recent funding activity was a Series C round of $50.4 million completed in June 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $50.4M
- Total Rounds 1
- Last Round Series C — $50.4M
- First Round $50.4M
(Jun 2012)
- Investors Count 1
All 1 funding rounds of NET Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2012 | $50.4M | Series C | – | Shaw | – |
1 investors in total: 1 institutional.
Investors in NET Power
NET Power has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include The Shaw Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
The Shaw Group is engaged in pipe and module fabrication services. | – | theshawgrp.com | Houston, United States |
Investor details for NET Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of NET Power
11 people are tracked at NET Power (7 in leadership, 4 in team); the tracked headcount is 68.
| Name | Role | Group |
|---|---|---|
Rodney Allam | Co-Founder | Leadership |
Bill Brown | Co-Founder | Leadership |
Ron DeGregorio | CEO | Leadership |
Danny Rice | CEO | Leadership |
Christine Mink | Head Of IT Projects And Governance | Leadership |
Ryan Phillips | Director Of Internal Audit | Leadership |
Bill Ross | Head Of Test Engineering | Leadership |
Daniel Ward | Senior Test Engineer | Team |
Jim Mahon | General Counsel | Team |
Johnny Pham | Senior Business Analyst | Team |
Devyn Barron | Communications And Social Media Manager | Team |
Complete people profiles for NET Power
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of NET Power
NET Power is a publicly listed company on the NYSE with ticker symbol NPWR in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date09 Jun 2023
- Listed onNYSE: NPWR
- Listed entityNET Power Inc.
- Exchange sectorProducer manufacturing
- ISINUS64107A1051
- Share price$1.24 (+0.81% on the day) · 2026-10-08
- Market capitalisation$278.8M
- EPS (diluted, trailing year)$-6.54
- Volume (last session)591,823
Financials of NET Power
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | – | -$578.6M | -$217.1M |
| 2024 | $250,000 | -$49.2M | -$99.7M |
| 2023 | $175,000 | -$77.2M | -$97.8M |
| 2022 | $580,000 | -$54.8M | -$36.6M |
| 2021 | – | -$9.8M | -$697,130 |
Detailed financial statements for NET Power
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of NET Power
3 dated milestones of NET Power across 14 years, from founding to its latest funding, stage changes and deals.
- Founded NET Power is founded.
- Funding First funding round of $50.4M.
- IPO Lists on the stock exchange (IPO).
Web traffic of NET Power
The website of NET Power (netpower.com) receives about 8.4K visits a month.
- Monthly visits8.4K
▲ 12.3% vs previous month
Latest news on Net Power
Complete news archive for NET Power
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to NET Power
10 companies that operate in the same segment as NET Power (Non-Renewable Power Generation), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electricity generation and allied activities are conducted by NTPC. | 1975 | Delhi, Delhi, India | – | USD 21.4 B | 9,611 | |
Operations in power, retail, IT services, and other sectors across India and globally. | 1820 | Kolkata, West Bengal, India | – | – | – | |
Electricity is generated from natural gas and geothermal resources. | 1984 | Houston, Texas, United States | – | USD 10.07 B | 162 | |
Engineering and construction services for power generation infrastructure are offered. | 1999 | Hyderabad, Telangana, India | USD 8.59 M | USD 646.1 M | 10,450 | |
Electricity generation, renewable energy, and natural gas services are provided. | 1898 | Essen, North Rhine-westphalia, Germany | – | USD 20.72 B | 20,980 | |
Various coals are mined and supplied by the corporation. | 1975 | Kolkata, West Bengal, India | – | USD 18.16 B | 239,210 | |
Coal-based thermal power plants are developed in central India. | 2010 | Mumbai, Maharashtra, India | USD 389.23 M | USD 421.98 M | 1 | |
Electricity generation and distribution services are provided nationwide. | 2015 | Allentown, Pennsylvania, United States | USD 1.38 B | USD 2.52 B | 1,890 | |
Electricity distribution and consumer services in West Bengal. | 2007 | Kolkata, West Bengal, India | – | USD 3.6 B | 9,329 | |
Electricity and natural gas are provided to Pennsylvania customers. | 1881 | Philadelphia, Pennsylvania, United States | – | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about NET Power
NET Power was founded in 2009 and raised its 1st funding round 3 years after it was founded.
NET Power is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Ron DeGregorio is the current CEO of NET Power.
NET Power is a funded company, having raised a total of $50.4M across 1 funding round to date. The company's 1st funding round was a Series C of $50.4M, raised on Jun 2012.
NET Power has 68 employees.
NET Power was established in 2009 in Durham, United States, by co-founders Rodney Allam and Bill Brown, with Ron DeGregorio serving as CEO. Operations focus on natural gas production within the energy industry. Activities are centered in the United States, where resources are developed and managed to support energy supply chains. Leadership emphasizes technical innovation in gas extraction and processing, contributing to regional energy infrastructure.
NET Power offers Net Power Cycle and La Porte Demonstration Facility.
Yes, NET Power is publicly traded on NYSE under the ticker symbol NPWR.
NET Power has 1 investor. Key investors include The Shaw Group.
NET Power operates through Net Power, Inc.