NET Power Inc., which is building in Texas what it says is the first utility-scale gas-fired power plant with near zero carbon emissions, has added at least one year to the 370-MW facility’s anticipated completion. Firm executives cited “extensive lead times across critical components” in reporting the energy startup's third-quarter results on Nov. 14. 

Firm President and COO Brian Allen told investors and analysts that anticipated startup of the plant, under construction in the state’s Permian oil and gas region, has slipped to “sometime between the second half of 2027 and first half of 2028.” Its cost also now is stated as $1 billion, up from $750 to $950 million, when work began in 2022.