The NET Power Commercial Power Plant is 300MW gas fired power project. It is planned in Tennessee, the US. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 300 | – | 300 | Permitting | Tennessee, the US | 8 Rivers Capital; Exelon Generation; NET Power |
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Description
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The project is being developed by 8 Rivers Capital, Exelon Generation and NET Power. 8 Rivers Capital, Exelon Generation, McDermott International, NET Power and Southern Ute Growth Fund are currently owning the project.
It is a thermal power plant.
The project cost is expected to be around $418.02m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.
Contractors Involved
McDermott International is expected to render EPC services for the gas fired power project.
Toshiba will be the turbine supplier for the Gas fired project.
About 8 Rivers Capital
8 Rivers Capital LLC (8 Rivers Capital) is engaged in the development of sustainable, infrastructure-scale solutions that solves various challenges and problems faced by energy, wireless communications, space launch and industrial processes. The company is headquartered in North Carolina, the US.
About Exelon Generation
Exelon Generation Co LLC (Exelon Generation) a subsidiary of Exelon Corp, is an energy company that generates, transmits, and markets electricity. It produces power from diverse resources such as nuclear, natural gas, natural gas, and oil, hydroelectric, wind, solar, landfill gas and oil energy. Exelon Generation also sells renewable energy, natural gas and other energy-related products and services. The company serves wholesale and retail customers in the Mid-Atlantic, Midwest, New England, New York, Texas, and other regions in the US and Canada. Its customers include distribution utilities, municipalities, cooperatives, financial institutions, and commercial, industrial, governmental, and residential. Exelon Generation is headquartered in Kennett Square, Pennsylvania, the US.
About NET Power
NET Power LLC is a clean energy technology company that converts natural and renewable gas into electricity with zero emissions. The company is headquartered in Durham, North Carolina, the US.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
