NPWR INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that NET Power Inc. Investors with Substantial Losses Have Opportunity to Lead the NET Power Class Action Lawsuit

Core Viewpoint - NET Power Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company misled investors regarding the timeline and costs associated with its Project Permian [1][2]. Company Overview - NET Power operates as an energy technology company focused on developing its first utility-scale plant, referred to as Project Permian, located in La Porte, Texas [2]. - The company has been conducting research and equipment validation testing as part of its project development efforts [2]. Allegations and Financial Impact - The lawsuit alleges that NET Power made false or misleading statements about the likelihood of completing Project Permian on schedule and the associated costs, which were expected to be significantly higher than previously represented [2]. - On November 14, 2023, NET Power announced a delay in the project timeline, now expecting initial power generation between the second half of 2027 and the first half of 2028, which was a significant shift from the original 2026 target. This announcement led to an over 18% drop in the company's stock price [3]. - On March 10, 2025, NET Power revised its total installed cost estimate for Project Permian to between $1.7 billion and$2.0 billion, up from a previous estimate of $1.1 billion. The project timeline was further extended to no earlier than 2029, resulting in a more than 31$2.5 billion for investors in 2024 alone [7].