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Firm execs cited “extensive lead times across critical components”
in late 2027 start of Zachry-built scaled-up project in Texas Permian energy region, In mid-November earnings call.
When development hit a snag in 2021 on NET Power LLC’s still unproven technology to allow power plants to burn natural gas with near-zero emissions while producing dispatchable energy, Ron DeGregorio stepped up to lead the effort as CEO.
A first-of-its-kind natural-gas-fired power plant that will emit no greenhouse gases is now under construction near Houston, and its commercialization is being financed in part by engineering-procurement-construction contractor CB&I, with the hope CB&I will be the go-to builder for larger versions of the plant in the future.
