News Release

Enverus selected for NET Power’s commercial initiative

Proprietary data blend, people, products, software and services deemed “perfect match”

byEnverus

AUSTIN, Texas (May 31, 2023) — Enverus, a leading energy-dedicated SaaS platform, is pleased to announce that clean energy technology company NET Power has selected it as its trusted data source for its business intelligence and analytics functions. Under terms of the commercial agreement and strategic collaboration, NET Power will leverage the full suite of Enverus’ offerings, including Enverus Fusion® Connect, Enverus PRISM®, Enverus Intelligence® and access to Enverus’ leading technical team.

Danny Rice, NET Power’s incoming CEO, said, “NET Power’s power plant technology uses natural gas in an oxy-combustion process that generates power and inherently captures carbon dioxide ready for sequestration. As preparations begin to deploy our utility-scale plants, we need to combine ‘surface intelligence’ with ‘subsurface intelligence’ to best understand where NET Power plants make the most commercial sense across North America and globally. I’ve leveraged the insights from Enverus’ data to help grow Rice Energy into one of the largest energy producers in North America, and I’m excited for this collaboration once again with Enverus to build a suite of tools and unique insights that will help us deploy NET Power plants in the right areas.”

“Through our disruptive industry-leading energy transition and oil and gas solutions, clients can make quick and confident decisions. NET Power can accomplish their carbon-free power initiative by utilizing products such as Fusion Connect, Intelligence, and our core data and analytics platform,” said Enverus President Manuj Nikhanj. “We are humbled to be selected by NET Power, who is uniquely positioned to drive and deploy their unprecedented technology forward.”

Enverus was selected for its suite of people, products and services covering power and renewables, oil and gas, and carbon capture and sequestration segments, making it the leading provider of data analytics and software solutions. The collaboration between the two companies will leverage the capabilities of Enverus’ Fusion Connect, enabling NET Power to integrate its proprietary data inside PRISM, Enverus’ energy decision-making platform.

About Enverus
Enverus is the most trusted, energy-dedicated SaaS platform, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 98% of U.S. energy producers, and more than 35,000 suppliers. Our platform, with intelligent connections, drives more efficient production and distribution, capital allocation, renewable energy development, investment and sourcing, and our experienced industry experts support our customers through thought leadership, consulting and technology innovations. We provide intelligence across the energy ecosystem: renewables, oil and gas, financial institutions, and power and utilities, with more than 6,000 customers in 50 countries. Learn more at Enverus.com.

About NET Power 
NET Power is a clean energy technology company whose mission is to globally deploy affordable and reliable zero-emissions energy. The company invents, develops and licenses clean power generation technology. Founded in 2010 and headquartered in Durham, North Carolina, NET Power has received strategic investments from key industry partners including 8 Rivers, Constellation, Occidental and Baker Hughes. Learn more at netpower.com.

Jon Haubert | 303.396.5996

NET Power Media Contact:
Bryce Mendes | 919.443.9638

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