Net Power suspends Baker Hughes oxy-combustion development agreements
On September 8, 2026, Net Power and its affiliates entered three agreements with Baker Hughes affiliates that indefinitely suspend the utility-scale oxy-combustion development and commercialization arrangements. The filing says no royalty has been agreed and none is assured, and no party is obligated to deploy a plant, so shareholders face a narrower path to near-term revenue from this partnership.
Key points
- Effective September 8, 2026, the A&R JDA and Commercial Agreement are suspended indefinitely; the filing says neither agreement is terminated.
- Baker Hughes' access and exclusivity rights at the La Porte, Texas demonstration facility terminated on the Suspension Date.
- The license amendment, effective January 1, 2026, keeps NP's utility-scale exclusive license but sets up industrial-scale licensing with a royalty that has not been agreed.
- The filing states the suspension did not arise from any breach or default, and that Net Power determined utility-scale commercialization was not economical at this time.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.