Lummus and NET Power sign strategic supplier agreement

The HXR recovers energy from the turboexpander exhaust and air separation unit to reheat recirculated CO₂, making it one of the most important equipment components in the NET Power Cycle.

"Lummus is proud to partner with NET Power, which has developed a way to efficiently and effectively produce electricity that is clean and economical," said Leon de Bruyn, President and CEO, Lummus Technology. "The NET Power Cycle system combines seamlessly with our advanced heat exchanger technology to minimise energy consumption and carbon emissions. We look forward to working with NET Power to deliver low-carbon power and help them expand their offering to consumers around the world."

As the licensed NET Power HXR supplier, Lummus will provide HXR systems for NET Power's utility-scale power plants. Upon completing the Project Permian FEED, NET Power intends to issue a purchase order to Lummus for its first utility-scale power plant in Texas, US. Under the terms of the agreement, Lummus intends to leverage its global supply chain network to increase global HXR manufacturing capacity, enabling NET Power deployments at scale to help countries and communities around the world rapidly achieve their energy and environmental goals.

"This Strategic Supply Agreement marks an important milestone in implementing NET Power's three-pillared strategy of proving our technology, building our backlog, and manufacturing for scale," said Brian Allen, President and COO of NET Power. "Lummus' expertise in licensed technology as well as designing equipment for proprietary processes makes them an ideal strategic supplier to enable NET Power to deliver the energy trifecta."

NET Power's transformational technology produces power while inherently capturing nearly all emissions with its patented oxy-fuel combustion and supercritical CO₂ cycle. NET Power seeks to deploy utility-scale plants that produce clean, on-demand power at low cost and address critical issues of air quality and land use, virtually eliminating air emissions including nitrogen oxides (NO_x), sulfur oxides (SO_x), and CO₂.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/07122023/lummus-and-net-power-sign-strategic-supplier-agreement/