Net Power extends deadline to proceed with Saulsbury construction contract to March 31, 2027

Bitget2026/10/22 20:20

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Net Power's subsidiary signed an agreement with Saulsbury on October 16, 2026, extending deadlines under its engineering, procurement and construction contract.
The full notice to proceed and mobilization payment deadline moves from October 15, 2026, to March 31, 2027.
Deferral of a $3.5 million termination payment requires signed contract amendments, a limited notice to proceed and associated payments by November 15, 2026.
Failure to meet November conditions triggers payment within 10 days of receiving Saulsbury's written demand and invoice.
Meeting those conditions defers the termination payment until March 31, 2027; missing the extended notice and mobilization payment deadline triggers payment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Net Power Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-118155), on October 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Net Power extends deadline to proceed with Saulsbury construction contract to March 31, 2027

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