Net Power Inc. shares rise 2.96% premarket after Capital Power's $3 billion acquisition of U.S. power facilities.

Net Power Inc. rose 2.96% in premarket trading, with the company's recent acquisition of two power facilities in the U.S. adding to its flexible power generation portfolio. This acquisition, valued at approximately $3 billion, is the largest in the company's history and is expected to enhance its generation capacity. Additionally, the company increased its annual common share dividend for the 12th consecutive year, indicating strong financial health and confidence in future performance.