Bronstein, Gewirtz & Grossman, LLC Investigates Potential Claims Against NET Power Inc.
On April 7, 2025, Bronstein, Gewirtz & Grossman, LLC, a leading national securities fraud law firm, announced that it is investigating potential claims on behalf of purchasers of NET Power Inc. (Net Power or the Company) following a securities class action lawsuit filed against the company. The lawsuit alleges that Net Power and certain of its executives and directors violated the Securities Exchange Act of 1934 by making false and misleading statements to the public.
Background on Net Power Inc.
Net Power is a New York-based energy technology company that specializes in developing and commercializing Allam Cycle power plants. The Allam Cycle is a proprietary technology that uses waste heat from industrial processes to generate electricity. Net Power’s flagship project is the 50-megawatt demonstration plant located in Edmonton, Alberta, which began commercial operations in 2022.
Allegations of False Statements and Misrepresentations
The securities class action lawsuit alleges that Net Power and certain of its executives and directors made false and misleading statements to the public about the commercial viability of the Allam Cycle technology and the Company’s financial performance. Specifically, the lawsuit alleges that the defendants failed to disclose that: (1) the Allam Cycle technology was not commercially viable; (2) the Company was experiencing significant operational issues at its flagship project in Edmonton; and (3) the Company’s financial statements contained material misstatements and omissions.
Investor Alert: Potential Claims Against Net Power Inc.
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against Net Power and its executives and directors. Investors who purchased or otherwise acquired Net Power securities between [Date 1] and [Date 2] are encouraged to obtain additional information and assist the investigation by visiting the firm’s site at bgandg.com/NPWR. The investigation focuses on whether the defendants violated the federal securities laws.
Impact on Individual Investors
If the allegations in the securities class action lawsuit are proven, Net Power investors may be able to recover their losses through the litigation process. The investigation by Bronstein, Gewirtz & Grossman, LLC provides an opportunity for investors to learn more about their legal rights and potential remedies.
Impact on the World
The potential implications of this investigation extend beyond the Net Power shareholders. The Allam Cycle technology, if successful, could revolutionize the energy industry by providing a cost-effective and environmentally friendly alternative to traditional power generation methods. The failure of Net Power to deliver on its promises could deter investors from funding similar projects in the future.
Conclusion
The investigation by Bronstein, Gewirtz & Grossman, LLC into potential claims against Net Power Inc. follows a securities class action lawsuit alleging false and misleading statements regarding the commercial viability of the Allam Cycle technology and the Company’s financial performance. The impact of this investigation goes beyond the Net Power shareholders, as the potential failure of this technology could deter investments in similar projects. Individual investors are encouraged to learn more about their legal rights and potential remedies by visiting bgandg.com/NPWR.
- Net Power Inc. is a New York-based energy technology company specializing in Allam Cycle power plants.
- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against Net Power following a securities class action lawsuit.
- The lawsuit alleges Net Power and certain executives and directors made false and misleading statements about the commercial viability of Allam Cycle technology and financial performance.
- Individual investors who purchased Net Power securities between certain dates are encouraged to assist the investigation.
- The failure of Allam Cycle technology to deliver on its promises could deter investments in similar projects.
