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 as of December 31, 2024. NET Power offers products and services including Net Power Cycle and La Porte Demonstration Facility.
- Headquarter Durham, United States
- Employees 68 as on 31 Dec, 2024
- Founders Rodney Allam, Bill Brown
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Net Power Inc.
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Annual Revenue
$250 K42.86as on Dec 31, 2024
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Net Profit
$-49.19 M36.31as on Dec 31, 2024
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EBITDA
$-99.7 M-1.98as on Dec 31, 2024
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Total Equity Funding
$50.4 M (USD)
in 1 rounds
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Latest Funding Round
$50.4 M (USD), Series C
Jun 07, 2012
- Investors
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Employee Count
68
as on Dec 31, 2024
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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.
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 company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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 Total Funding
- Total Rounds 1
- Last Round Series C — $50.4M
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First Round
First Round
(07 Jun 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Series C - NET Power | Valuation | Shaw |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NET Power
NET Power has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include The Shaw Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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The Shaw Group is engaged in pipe and module fabrication services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NET Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NET Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Net Power Comparisons
Competitors of NET Power
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Net Power
Frequently Asked Questions about NET Power
When was NET Power founded?
NET Power was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is NET Power located?
NET Power is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Who is the current CEO of NET Power?
Ron DeGregorio is the current CEO of NET Power.
Is NET Power a funded company?
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 07, 2012.
How many employees does NET Power have?
As of Dec 31, 2024, the latest employee count at NET Power is 68.
What is the annual revenue of NET Power?
Annual revenue of NET Power is $250K as on Dec 31, 2024.
What does NET Power do?
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.
What products or services does NET Power offer?
NET Power offers Net Power Cycle and La Porte Demonstration Facility.
Is NET Power publicly traded?
Yes, NET Power is publicly traded on NYSE under the ticker symbol NPWR.
Who are NET Power's investors?
NET Power has 1 investor. Key investors include The Shaw Group.
What is NET Power's ticker symbol?
The ticker symbol of NET Power is NPWR on NYSE.