{"article":{"annotation":{"article_id":"net-power-saulsbury-project-permian-epc-agreement-september-2026","available_at":"2026-10-06T23:11:18.811336Z","geography_revision":"ef6ee0010dda5fe7b240fd514749b43e214c57da73222d2e40ec83b276dd0977","id":"4cf62f248c2c752e640f2053dd57d70085932a5acc4447ce8165183c3183ddfe","input_sha256":"2f35d3986798fb368f28e9248bd0de3ba6b5e696b71462e515b36013c998ec7b","limitations":["Rule-derived subjects are candidates, not verified editorial labels or calibrated model probabilities.","Coverage is distinct from event location. Unknown country/city/coordinates remain absent; no automatic geocoding.","Article geometries keep their stated precision and methodology; reproducing them is not independent coordinate verification."],"method":"controlled-rules-v1","places":[{"admin1":null,"city":null,"coordinate_note":null,"coordinate_reference_system":"OGC:CRS84","coordinate_source":null,"country":"US","evidence":[{"field":"country","language":"en","note":"Explicit preserved editorial country/region; no city or national centroid inferred","source_urls":["https://www.sec.gov/Archives/edgar/data/1845437/000110465926105072/tm2624794d1_8k.htm","https://www.sec.gov/Archives/edgar/data/1845437/000110465926105072/tm2624794d1_ex99-1.htm"]}],"geometry":null,"id":"iso3166-1:US","kind":"country-or-area","labels":{"ar":"الولايات المتحدة الأمريكية","en":"United States of America","es":"Estados Unidos de América","fr":"États-Unis d’Amérique"},"match_status":"candidate","precision":"regional","role":"coverage","uncertainty_m":null}],"rules_sha256":"d28c9c89703b56bd91fd887965d416d0115c2473d4bfbd3e558bcceafc3941dd","schema_version":1,"subjects":[{"concept_id":"medtop:20000263","confidence":null,"confidence_method":null,"evidence":[{"field":"en.title+en.summary","language":"en","note":"Subject suggested from the title or summary: gas plant","source_urls":["https://www.sec.gov/Archives/edgar/data/1845437/000110465926105072/tm2624794d1_8k.htm","https://www.sec.gov/Archives/edgar/data/1845437/000110465926105072/tm2624794d1_ex99-1.htm"]}],"method":"controlled-rules-v1","rule_id":"natural-gas","status":"candidate"}],"taxonomy_revision":"1f2db31d811fca07e99b16d402c10e2cc2965c9df1c7b41d9be348b40a24e7fb","taxonomy_version":"IPTC Media Topics 2026-Q2"},"api_url":"https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026?lang=en","category":"energy","content":{"key_points":[],"paragraphs":["Net Power Inc. said in an SEC filing dated 3 September 2026 that its indirect subsidiary Net Power, LLC acquired EMPower USA, LLC’s position as owner under an engineering, procurement and construction agreement with Saulsbury Industries, Inc. The assignment closed on 31 August 2026. The agreement, dated 15 December 2025, covers an approximately 123 MW reciprocating-engine natural gas power generation facility, with a total contract price of $196,711,035.70.","Saulsbury remains the turnkey contractor for engineering, procurement, construction, pre-commissioning, commissioning, start-up and testing. The scope includes ten Wärtsilä engine-generator sets, balance-of-plant systems and the project substation. Saulsbury consented to the project’s relocation from Ector County, Texas, and Net Power intends to deploy the position at its Project Permian site in West Texas. The consideration included a premium of $40.0 million and reimbursement of $18,947,272.70 that EMPower had paid under the agreement.","Work has been suspended since 1 July 2026 and is expected to resume after Net Power issues the full notice to proceed and pays a mobilization payment of $10,153,524.85. Saulsbury extended the deadline for both to 15 October 2026. The filing said no revised project schedule has been agreed, no final investment decision has been made and no power purchase or energy services agreement has been signed for the facility."],"sections":[]},"corrections":[{"at":"2026-10-07T00:49:41+03:00","language":"en","text":"German and Portuguese editions and translations of the data and correction explanations have been added to this article."}],"country":"US","data":{"blocks":[{"description":{"ar":"أرقام العقد والصفقة والمنشأة المذكورة في إفصاح Net Power لدى هيئة الأوراق المالية والبورصات الأمريكية بتاريخ 3 سبتمبر 2026.","de":"Vertrags-, Transaktions- und Anlagendaten aus der SEC-Meldung von Net Power vom 3. September 2026.","en":"Contract, transaction and facility figures stated in Net Power’s SEC filing of 3 September 2026.","es":"Cifras del contrato, la transacción y la instalación indicadas en el documento de Net Power ante la SEC del 3 de septiembre de 2026.","fr":"Chiffres du contrat, de la transaction et de l’installation indiqués dans le dépôt de Net Power auprès de la SEC le 3 septembre 2026.","pt":"Dados de contrato, transação e instalação informados no documento da Net Power à SEC em 3 de setembro de 2026.","tr":"Net Power’ın 3 Eylül 2026 tarihli SEC bildiriminde belirtilen sözleşme, işlem ve tesis rakamları."},"id":"epc-agreement-figures","items":[{"basis":"observed","label":{"ar":"إجمالي سعر عقد اتفاقية EPC","de":"Gesamtpreis des EPC-Vertrags","en":"EPC agreement total contract price","es":"Precio total del contrato EPC","fr":"Prix total du contrat EPC","pt":"Preço total do contrato EPC","tr":"EPC sözleşmesinin toplam sözleşme bedeli"},"measure":{"aggregation":"stock","frequency":"irregular","geography":"texas","id":"net-power-permian-epc-contract-price","periodRole":"announcement-date","unitCode":"million-usd"},"period":"2026-09-03","unit":"million USD","value":196.7110357},{"basis":"observed","label":{"ar":"العلاوة ضمن مقابل التنازل","de":"Prämie als Teil der Gegenleistung für die Übertragung","en":"Premium in the consideration for the assignment","es":"Prima en la contraprestación de la cesión","fr":"Prime dans la contrepartie de la cession","pt":"Prêmio incluído na contraprestação pela cessão","tr":"Devrin karşılığındaki prim"},"measure":{"aggregation":"stock","frequency":"irregular","geography":"texas","id":"net-power-permian-assignment-premium","periodRole":"announcement-date","unitCode":"million-usd"},"period":"2026-09-03","unit":"million USD","value":40},{"basis":"observed","label":{"ar":"دفعة التعبئة المستحقة عند أمر المباشرة الكامل","de":"Mobilisierungszahlung bei vollständiger Arbeitsfreigabe fällig","en":"Mobilization payment due on full notice to proceed","es":"Pago de movilización exigible con la orden de proceder completa","fr":"Paiement de mobilisation dû à l’ordre de démarrage complet","pt":"Pagamento de mobilização devido com a ordem integral de início","tr":"Tam işe başlama talimatında ödenecek mobilizasyon ödemesi"},"measure":{"aggregation":"stock","frequency":"irregular","geography":"texas","id":"net-power-permian-mobilization-payment","periodRole":"announcement-date","unitCode":"million-usd"},"period":"2026-09-03","unit":"million USD","value":10.15352485},{"basis":"target","label":{"ar":"قدرة المنشأة المخططة","de":"Geplante Anlagenkapazität","en":"Planned facility capacity","es":"Capacidad prevista de la instalación","fr":"Capacité prévue de l’installation","pt":"Capacidade planejada da instalação","tr":"Planlanan tesis kapasitesi"},"measure":{"aggregation":"stock","frequency":"irregular","geography":"texas","id":"net-power-permian-facility-capacity","periodRole":"announcement-date","unitCode":"mw"},"period":"2026-09-03","unit":"MW","value":123,"valueQualifier":"approximate"},{"basis":"observed","label":{"ar":"مجموعات المحرك-المولد من Wärtsilä ضمن النطاق","de":"Wärtsilä-Motor-Generatorsätze im Vertragsumfang","en":"Wärtsilä engine-generator sets in scope","es":"Grupos motor-generador de Wärtsilä en el alcance","fr":"Groupes moteur-générateur Wärtsilä dans le périmètre","pt":"Conjuntos motor-gerador Wärtsilä incluídos no escopo","tr":"Kapsamdaki Wärtsilä motor-jeneratör setleri"},"measure":{"aggregation":"stock","frequency":"irregular","geography":"texas","id":"net-power-permian-engine-generator-sets","periodRole":"announcement-date","unitCode":"count"},"period":"2026-09-03","unit":"engine-generator sets","value":10}],"methodology":{"ar":"سعر العقد هو الإجمالي بموجب اتفاقية EPC، ومذكور قبل أي زيادة ناتجة عن أمر تغيير وقبل مبالغ تعديل الأسعار. والعلاوة جزء من مقابل التنازل، أما دفعة التعبئة فتستحق عند إصدار أمر المباشرة الكامل. والقدرة هي القدرة المخططة التقريبية لمنشأة لم تُبنَ بعد.","de":"Der Vertragspreis ist der Gesamtwert des EPC-Vertrags vor Erhöhungen durch Änderungsaufträge und vor Preissteigerungen. Die Prämie gehört zur Gegenleistung für die Übertragung; die Mobilisierungszahlung wird bei Erteilung der vollständigen Arbeitsfreigabe fällig. Die Kapazität ist die ungefähre geplante Leistung einer noch nicht gebauten Anlage.","en":"Contract price is the total under the EPC agreement, stated before any change-order increase and before price escalation amounts. The premium is part of the consideration for the assignment, and the mobilization payment falls due when the full notice to proceed is issued. Capacity is the approximate planned capacity of a facility that is not yet built.","es":"El precio del contrato es el total del contrato EPC, indicado antes de cualquier aumento por orden de cambio y antes de los importes de revisión de precios. La prima forma parte de la contraprestación de la cesión, y el pago de movilización resulta exigible cuando se emite la orden de proceder completa. La capacidad es la capacidad prevista aproximada de una instalación que aún no está construida.","fr":"Le prix du contrat est le total prévu par le contrat EPC, indiqué avant toute augmentation liée à un avenant et avant les montants de révision des prix. La prime fait partie de la contrepartie de la cession, et le paiement de mobilisation devient exigible à l’émission de l’ordre de démarrage complet. La capacité est la capacité prévue, approximative, d’une installation qui n’est pas encore construite.","pt":"O preço é o total do contrato EPC antes de aumentos por ordens de mudança e de reajustes. O prêmio integra a contraprestação pela cessão, e a mobilização vence quando a ordem integral de início é emitida. A capacidade é aproximada e planejada para uma instalação ainda não construída.","tr":"Sözleşme bedeli, EPC sözleşmesi kapsamındaki toplam tutardır; değişiklik emri kaynaklı artışlar ve fiyat farkı tutarları öncesi olarak belirtilmiştir. Prim, devrin karşılığının bir parçasıdır; mobilizasyon ödemesi ise tam işe başlama talimatı verildiğinde ödenir. Kapasite, henüz inşa edilmemiş bir tesisin yaklaşık planlanan kapasitesidir."},"sourceUrls":["https://www.sec.gov/Archives/edgar/data/1845437/000110465926105072/tm2624794d1_8k.htm","https://www.sec.gov/Archives/edgar/data/1845437/000110465926105072/tm2624794d1_ex99-1.htm"],"title":{"ar":"أرقام اتفاقية EPC والمنشأة","de":"EPC-Vertrag und Kennzahlen der Anlage","en":"EPC agreement and facility figures","es":"Cifras del contrato EPC y de la instalación","fr":"Chiffres du contrat EPC et de l’installation","pt":"Contrato EPC e dados da instalação","tr":"EPC sözleşmesi ve tesis rakamları"},"type":"metrics","updatedAt":"2026-10-07T00:49:41+03:00"}],"version":1},"data_downloads":[{"formats":{"csv":"https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026/data/epc-agreement-figures?lang=en&format=csv","json":"https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026/data/epc-agreement-figures?lang=en&format=json"},"id":"epc-agreement-figures"}],"data_types":["metrics"],"editorial_illustration":{"alt":"Conceptual illustration of oil and gas infrastructure and information flows.","asset_id":"newsverum-v1-oil-gas","avif_variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/oil-gas-480.avif","width":480},{"height":480,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/oil-gas-720.avif","width":720},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/oil-gas-960.avif","width":960},{"height":800,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/oil-gas-1200.avif","width":1200},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/oil-gas-1536.avif","width":1536}],"credit":"Newsverum","documentary":false,"height":1024,"kind":"symbolic-editorial-illustration","language":"en","scope":"topic","url":"https://newsverum.com/assets/newsverum/illustrations/v1/oil-gas-1536.webp","variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/oil-gas-480.webp","width":480},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/oil-gas-960.webp","width":960},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/oil-gas-1536.webp","width":1536}],"width":1536},"event_id":"event-76796e79-7529-5aff-8e51-5259cd301795","event_period":"2026-08-31","event_period_basis":"event-or-reference-period","id":"net-power-saulsbury-project-permian-epc-agreement-september-2026","image":null,"importance":0.6,"language":"en","modified_at":"2026-10-07T00:49:41+03:00","publication_basis":"publication-record","published_at":"2026-10-05T09:37:37+00:00","reading_minutes":2,"region":"world","section_illustration":{"alt":"Conceptual illustration of electricity generation, storage and connected data.","asset_id":"newsverum-v1-energy","avif_variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/energy-480.avif","width":480},{"height":480,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/energy-720.avif","width":720},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/energy-960.avif","width":960},{"height":800,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/energy-1200.avif","width":1200},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/energy-1536.avif","width":1536}],"credit":"Newsverum","documentary":false,"height":1024,"kind":"symbolic-editorial-illustration","language":"en","scope":"section","url":"https://newsverum.com/assets/newsverum/illustrations/v1/energy-1536.webp","variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/energy-480.webp","width":480},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/energy-960.webp","width":960},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/energy-1536.webp","width":1536}],"width":1536},"slug":"net-power-saulsbury-project-permian-epc-agreement-september-2026","sources":[{"checkedAt":"2026-10-04","name":"Net Power Inc. (SEC Form 8-K)","publishedAt":"2026-09-03","url":"https://www.sec.gov/Archives/edgar/data/1845437/000110465926105072/tm2624794d1_8k.htm"},{"checkedAt":"2026-10-04","name":"Net Power Inc. (SEC Form 8-K, Exhibit 99.1 press release)","publishedAt":"2026-09-03","url":"https://www.sec.gov/Archives/edgar/data/1845437/000110465926105072/tm2624794d1_ex99-1.htm"}],"summary":"Net Power took over EMPower’s owner position in a Saulsbury Industries EPC agreement priced at $196,711,035.70 for an approximately 123 MW gas facility; the assignment closed on 31 August 2026.","text":"Net Power took over EMPower’s owner position in a Saulsbury Industries EPC agreement priced at $196,711,035.70 for an approximately 123 MW gas facility; the assignment closed on 31 August 2026.\n\nNet Power Inc. said in an SEC filing dated 3 September 2026 that its indirect subsidiary Net Power, LLC acquired EMPower USA, LLC’s position as owner under an engineering, procurement and construction agreement with Saulsbury Industries, Inc. The assignment closed on 31 August 2026. The agreement, dated 15 December 2025, covers an approximately 123 MW reciprocating-engine natural gas power generation facility, with a total contract price of $196,711,035.70.\n\nSaulsbury remains the turnkey contractor for engineering, procurement, construction, pre-commissioning, commissioning, start-up and testing. The scope includes ten Wärtsilä engine-generator sets, balance-of-plant systems and the project substation. Saulsbury consented to the project’s relocation from Ector County, Texas, and Net Power intends to deploy the position at its Project Permian site in West Texas. The consideration included a premium of $40.0 million and reimbursement of $18,947,272.70 that EMPower had paid under the agreement.\n\nWork has been suspended since 1 July 2026 and is expected to resume after Net Power issues the full notice to proceed and pays a mobilization payment of $10,153,524.85. Saulsbury extended the deadline for both to 15 October 2026. The filing said no revised project schedule has been agreed, no final investment decision has been made and no power purchase or energy services agreement has been signed for the facility.\n\nGerman and Portuguese editions and translations of the data and correction explanations have been added to this article.","title":"Net Power takes over Saulsbury EPC agreement for planned 123 MW Texas gas plant","topics":["epc-contractors"],"translations":[{"api_url":"https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026?lang=tr","language":"tr","url":"https://newsverum.com/tr/news/net-power-saulsbury-project-permian-epc-agreement-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026?lang=en","language":"en","url":"https://newsverum.com/en/news/net-power-saulsbury-project-permian-epc-agreement-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026?lang=ar","language":"ar","url":"https://newsverum.com/ar/news/net-power-saulsbury-project-permian-epc-agreement-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026?lang=fr","language":"fr","url":"https://newsverum.com/fr/news/net-power-saulsbury-project-permian-epc-agreement-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026?lang=es","language":"es","url":"https://newsverum.com/es/news/net-power-saulsbury-project-permian-epc-agreement-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026?lang=de","language":"de","url":"https://newsverum.com/de/news/net-power-saulsbury-project-permian-epc-agreement-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026?lang=pt","language":"pt","url":"https://newsverum.com/pt/news/net-power-saulsbury-project-permian-epc-agreement-september-2026"}],"url":"https://newsverum.com/en/news/net-power-saulsbury-project-permian-epc-agreement-september-2026"},"version":"1"}