
Net Power Inc. (NYSE:NPWR) (&#34;Net Power&#34; or the &#34;Company&#34;) announced Lee Shuman as the new Chief Financial Officer (CFO) effective April 13, 2026.


&#34;I am pleased to welcome Lee Shuman to the Net Power team,&#34; shared Net

<p xmlns="http://www.w3.org/1999/xhtml">
Net Power Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NPWR">NPWR</a>) ("Net Power" or the "Company") announced Lee Shuman as the new Chief Financial Officer (CFO) effective April 13, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"I am pleased to welcome Lee Shuman to the Net Power team," shared Net Power's Chief Executive Officer, Danny Rice. "As part of our strategic pivot to be a leader in the commercial deployment of new clean gas power plants, Lee's proven track record— executing strategic financing for new power generation—is the right experience to add and at the right time."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Mr. Shuman formerly served as Head of Power Finance for Javelin Global Commodities and prior to that served as the CFO of WattBridge Energy. Over the course of his 25-year career, Mr. Shuman has led the financing for over $10 billion of power-related transactions, including acquisitions, divestitures, reorganizations, and development across thermal, renewable, and distributed energy solutions. In his new role as CFO of Net Power, Mr. Shuman will lead the Company's overall financing strategy with an emphasis on project-level financing.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Mr. Shuman noted, "I am excited to join the Net Power team where I plan to draw upon my decades of experience to lead the development of the financial engine to help commercialize their differentiated clean firm power solutions and ultimately deliver on the company's mission to transform natural gas into the lowest-cost form of clean, firm power."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Mr. Shuman assumes the CFO duties from Mr. Rice, who has served as the Company's interim CFO since April 2025. Mr. Rice will continue to serve as the Company's principal financial officer for SEC purposes through the date of filing the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2026, whereupon Mr. Shuman will assume the role of the Company's principal financial officer. Mr. Rice will continue his role as Chief Executive Officer.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Net Power</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Net Power (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NPWR">NPWR</a>) is an energy technology and project development company focused on delivering low-carbon gas power solutions. Founded in 2010, our mission is to transform natural gas into the lowest cost form of clean firm power.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260413678171r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260413678171/en/" rel="nofollow">https://www.businesswire.com/news/home/20260413678171/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Relations Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investors@netpower.com" shape="rect">investors@netpower.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@netpower.com" shape="rect">media@netpower.com</a>

</p>

NPWR

Net Power Names Lee Shuman as New Chief Financial Officer

Net Power Appoints Lee Shuman as New CFO to Strengthen Financial Strategy

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Net Power Inc. (NYSE:NPWR) (&amp;#34;Net Power&amp;#34; or the &amp;#34;Company&amp;#34;) announced Lee Shuman as the new Chief Financial Officer (CFO) effective April 13, 2026.


&amp;#34;I am pleased to welcome Lee Shuman to the Net Power team,&amp;#34; shared Net</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Net Power Inc. announced the appointment of Lee Shuman as CFO effective April 13, 2026, enhancing the company&#039;s financial leadership amid its strategic pivot to clean gas power with a focus on project financing. Shuman&#039;s extensive experience in power finance positions NPWR to effectively commercialize its technology and navigate future growth.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Lee Shuman joins NPWR as new CFO, effective April 13, 2026.</li><li>Shuman has a strong finance background, managing over $10 billion in transactions.</li><li>Net Power aims to lead in clean gas power plant deployment.</li><li>Current CEO Danny Rice will continue as principal financial officer until Q1 2026.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Javelin Global Commodities (N/A)</strong>: Shuman&#039;s former role here enhances his credibility in managing NPWR&#039;s finances.</li><li><strong>WattBridge Energy (N/A)</strong>: Shuman&#039;s experience as CFO can provide insights into energy project developments.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it involves a significant leadership change, which is critical for strategic execution in a growing industry like clean energy.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Appointment of Lee Shuman may improve investor confidence in NPWR&#039;s financial strategy.</li><li>Shuman&#039;s track record in power financing could lead to successful capital raises.</li><li>The strategic pivot towards clean power may attract new investments and partnerships.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Lee Shuman becomes CFO on April 13, 2026.</li><li>Shuman managed over $10 billion in power-related transactions.</li><li>Danny Rice has been interim CFO since April 2025.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>NPWR&#039;s stock may see positive momentum as Shuman&#039;s leadership drives financing strategies over the next 6-12 months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Net Power Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NPWR">NPWR</a>) ("Net Power" or the "Company") announced Lee Shuman as the new Chief Financial Officer (CFO) effective April 13, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"I am pleased to welcome Lee Shuman to the Net Power team," shared Net Power's Chief Executive Officer, Danny Rice. "As part of our strategic pivot to be a leader in the commercial deployment of new clean gas power plants, Lee's proven track record— executing strategic financing for new power generation—is the right experience to add and at the right time."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Mr. Shuman formerly served as Head of Power Finance for Javelin Global Commodities and prior to that served as the CFO of WattBridge Energy. Over the course of his 25-year career, Mr. Shuman has led the financing for over $10 billion of power-related transactions, including acquisitions, divestitures, reorganizations, and development across thermal, renewable, and distributed energy solutions. In his new role as CFO of Net Power, Mr. Shuman will lead the Company's overall financing strategy with an emphasis on project-level financing.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Mr. Shuman noted, "I am excited to join the Net Power team where I plan to draw upon my decades of experience to lead the development of the financial engine to help commercialize their differentiated clean firm power solutions and ultimately deliver on the company's mission to transform natural gas into the lowest-cost form of clean, firm power."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Mr. Shuman assumes the CFO duties from Mr. Rice, who has served as the Company's interim CFO since April 2025. Mr. Rice will continue to serve as the Company's principal financial officer for SEC purposes through the date of filing the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2026, whereupon Mr. Shuman will assume the role of the Company's principal financial officer. Mr. Rice will continue his role as Chief Executive Officer.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Net Power</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Net Power (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NPWR">NPWR</a>) is an energy technology and project development company focused on delivering low-carbon gas power solutions. Founded in 2010, our mission is to transform natural gas into the lowest cost form of clean firm power.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260413678171r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260413678171/en/" rel="nofollow">https://www.businesswire.com/news/home/20260413678171/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Relations Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investors@netpower.com" shape="rect">investors@netpower.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@netpower.com" shape="rect">media@netpower.com</a>

</p>

Net Power Inc. announced the appointment of Lee Shuman as CFO effective April 13, 2026, enhancing the company's financial leadership amid its strategic pivot to clean gas power with a focus on project financing. Shuman's extensive experience in power finance positions NPWR to effectively commercialize its technology and navigate future growth.

Net Power Names Lee Shuman as New Chief Financial Officer

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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