INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against NET Power, Inc. (NYSE: NPWR); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel

Core Viewpoint - A class action lawsuit has been filed against NET Power, Inc. for alleged violations of federal securities laws during the class period from June 9, 2023, to March 7, 2025, involving misleading statements about the company's operations and financial projections [1][5]. Company Overview - NET Power is a clean energy technology company focused on its "Net Power Cycle" technology, which aims to generate reliable electricity from natural gas while capturing emissions [4]. - The company operates a Demonstration Facility to validate its technology and is working on a utility-scale plant known as "Project Permian" [4]. Project Permian Details - Initially, NET Power estimated the capital required for Project Permian at $950 million in 2023, which later increased to$1.1 billion in 2024 [4]. - Defendants had previously indicated that Project Permian would be operational by 2026 [4]. Allegations in the Lawsuit - The lawsuit claims that NET Power's executives made materially false statements regarding the feasibility and financial requirements of Project Permian, including underestimating the capital needed and the timeline for completion [5]. - Specific allegations include the likelihood of not completing Project Permian by 2026 and the substantial increase in capital requirements due to supply chain issues [5]. Impact of Revealed Information - On November 14, 2023, NET Power announced a delay in initial power generation to between the second half of 2027 and the first half of 2028, causing a stock price drop of $2.47 per share (18.54$1.7 billion and $2.0 billion, with operations not expected to begin before 2029, leading to a further stock price decline of$2.18 per share (31.46%) [7].