netpower(US:NPWR)2024-03-12 11:35Financial Highlights - Net Power's total liquidity was $637 million as of Q4 2023[9, 45] - The quarter-over-quarter change in total liquidity was approximately -$8 million[9, 45, 49] - Cash flow used in investing activities for Q4 2023 was approximately $5 million[45] - Cash flow used in operations for Q4 2023 was approximately $3 million[49] Project Permian - Front-End Engineering and Design (FEED) is progressing with Zachry Group[9, 14] - A Limited Notice to Proceed (LNTP) was signed with Baker Hughes to release long-lead material for the first utility-scale turboexpander[9, 20] - Initial power generation is on track for the second half of 2027 or the first half of 2028[30] Strategic Partnerships - A strategic supplier agreement was signed with Lummus Technology for the development and supply of recuperative heat exchangers (HXRs) for NPWR utility-scale plants[9, 27] - Lummus Technology has designed and supplied over 25,000 heat exchangers globally[33, 39] Capital Allocation Strategy - Approximately $200 million is allocated to Project Permian[47] - Approximately $175 million is allocated to La Porte (Capex + Opex) & Baker Hughes JDA[47] - Approximately $265 million is allocated to Corporate G&A, Origination, & Other[47]