NET POWER ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against NET Power, Inc. and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against NET Power, Inc. for allegedly making false and misleading statements regarding its business operations and the completion of its Project Permian [1][4]. Company Overview - NET Power, Inc. is a clean energy technology company focused on its "Net Power Cycle" technology, which aims to generate reliable and affordable electricity from natural gas while capturing nearly all emissions [3]. - The company operates a demonstration facility in La Porte, Texas, to validate its technology and is developing its first utility-scale plant, Project Permian, located in the Permian Basin of West Texas [3]. - The estimated cost for Project Permian has increased from approximately $950 million in 2023 to$1.1 billion in 2024, with expectations for the project to be operational by 2026 [3]. Legal Allegations - The lawsuit claims that throughout the class period, NET Power's management made materially false and misleading statements about the company's operations and prospects, particularly regarding the completion timeline and costs of Project Permian [4]. - Allegations include that the company was unlikely to complete Project Permian on schedule and that the project would incur significantly higher costs due to supply chain issues and other challenges [4]. - The complaint asserts that these misrepresentations had a substantial negative impact on the company's business and financial results [4].