NET Power Inc. (NPWR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the NetPower, Inc. First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Bryce Mendez, Director of Investor Relations. Thank you. You may begin. Thank you. Good morning and welcome to NetPower's First Quarter 2025 Earnings Conference Call. With me on the call today, we have our Chief Executive Officer, Danny Rice, and our Chief Operating Officer, Mark Horstman. Yesterday, we issued our earnings release for the first quarter of 2025, which can be found on our investor relations website at ir.netpower.com. During this call, our remarks may include forward-looking statements. Actual results may differ materially from those stated or implied by forward-looking statements due to risks and uncertainties associated with our business. These risks and uncertainties are discussed in our SEC filings. Please note that we assume no obligation to update any forward-looking statements. With that, I'll now pass it over to Danny Rice, NetPower's Chief Executive Officer. Thanks, Bryce. Good morning, everyone. Thanks for joining NetPower's first quarter earnings call. I'm pleased to share an update on our progress to deliver clean, reliable power with our proprietary NetPower cycle. Before diving into our updates, I'd like to welcome Mark Horstman, our new chief operating officer, who recently stepped into this role. Mark brings over 20 years of experience in the power sector, and his expertise in product development and operational execution is already proving invaluable as we sharpen our focus on cost optimizatio...