Investigation Launched by Pomerantz LLP Regarding NET Power Inc.
On April 1, 2025, Pomerantz LLP, a leading securities law firm, announced that it is investigating potential claims on behalf of investors of NET Power Inc (“Net Power” or the “Company”). Net Power is a New York-based energy technology company that specializes in creating clean energy through its innovative Allam Cycle power plant technology. The investigation comes following allegations of potential securities laws violations.
Background on the Company
Net Power was founded in 2010 and has since raised over $1.3 billion in funding from various investors including Bill Gates’ Breakthrough Energy Ventures, TotalEnergies, and 8 Rivers Capital. The company’s mission is to provide a commercially viable and sustainable energy solution that can meet the world’s growing energy demands while reducing greenhouse gas emissions. Net Power’s patented Allam Cycle technology is a carbon-capture, utilization, and storage (CCUS) power plant that uses waste heat to generate electricity. This technology is touted as a game-changer in the energy industry as it offers the potential to significantly reduce carbon emissions from traditional power plants.
The Allegations
According to Pomerantz LLP’s announcement, the investigation focuses on allegations that Net Power may have misrepresented the commercial viability and profitability of its Allam Cycle technology to investors. The law firm is encouraging investors who purchased or acquired the Company’s securities between February 25, 2021, and March 31, 2025, to contact them for more information. The allegations come as Net Power’s stock price has seen a significant decline since reaching an all-time high in February 2021.
Impact on Individual Investors
Individual investors who have purchased Net Power’s securities during the specified time frame and are concerned about their potential losses may wish to seek legal counsel. It is important to note that an investigation does not necessarily result in a finding of wrongdoing, but rather an opportunity for investors to learn more about the company and the potential risks involved. In the event that a securities class action lawsuit is filed, investors may be able to recover their losses.
- Investors who purchased Net Power securities between February 25, 2021, and March 31, 2025, are encouraged to contact Pomerantz LLP for more information.
- It is important to understand that an investigation does not guarantee a finding of wrongdoing.
- Investors may be able to recover their losses if a securities class action lawsuit is filed and successful.
Impact on the Energy Industry and the World
The potential implications of this investigation extend beyond just Net Power and its investors. The energy industry is closely watching this situation as Net Power’s Allam Cycle technology represents a significant step forward in the fight against climate change. If the allegations prove to be true, it could potentially impact investor confidence in CCUS technology as a whole, and slow down the adoption and implementation of similar technologies.
Furthermore, the outcome of this investigation could also have broader implications for the world as a whole. The energy sector is a major contributor to global greenhouse gas emissions, and the development and implementation of clean energy technologies are crucial in the fight against climate change. If the allegations are found to be true, it could set back the progress made in this area and delay the transition to a more sustainable energy future.
Conclusion
The investigation launched by Pomerantz LLP into Net Power’s potential securities law violations is a significant development in the energy industry. As a responsible investor, it is important to stay informed about the companies in which you have invested and the potential risks involved. If you have purchased Net Power securities between February 25, 2021, and March 31, 2025, and are concerned about your potential losses, it may be worth considering seeking legal counsel. The outcome of this investigation could have far-reaching implications for the energy industry and the world as a whole, and it is important to stay informed about this developing situation.
