Net Power Inc. Stock Drops 13% Despite Upgrade!

Net Power Inc. plunged 13.44% intraday, as the company announced significant upgrades for 2024, preparing for validation testing of commercial-scale turbine expansion components, with the first phase of equipment verification scheduled to begin by the end of 2024 and expected to progress over the next three years. The company's core technology captures nearly all greenhouse gas emissions during power generation and produces almost no air pollutants, offering significant environmental advantages. Net Power's business model involves licensing its technology to customers for the construction, ownership, and operation of facilities utilizing the NET Power Cycle, with the advancement of this commercialization process expected to support the company's future growth.