The turbines are for a future natural gas power generation project, with installments tied to milestones through 2028. About $38.9 million is due in the 12 months after September 30, 2026, and $23.3 million of deposits are in construction-in-progress.
Net Power
Facts that name Net Power, newest first.
Entered in August 2026 while the parties negotiate an energy services agreement for the Initial Project. If none is executed by February 14, 2027, or certain other events occur, the customer must reimburse nonrefundable costs of approved expense items, subject to conditions.
On August 31, 2026, Net Power took over EMPower's owner position under an EPC Agreement with Saulsbury Industries, plus related rights under Saulsbury's equipment supply agreement with Wärtsilä North America for ten engine-generator sets. The Initial Project is meant to supply behind-the-meter power to a co-located data center at a Texas site not yet secured.
EMPower USA, LLCNet PowerSaulsbury Industries, Inc.Wärtsilä North America, Inc. Source: Net Power Inc. 10-Q, filed Nov 12, 2026