NET Power Inc.

Greetings and welcome to the NetPower Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. 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, Bryce. You may begin.

Good morning, everyone, and welcome to NetPower's third quarter 2023 earnings conference call. With me on the call today, we have our Chief Executive Officer, Danny Rice, our President and Chief Operating Officer, Brian Allen, and our Chief Financial Officer, Akash Patel. This morning, we issued our earnings release for the third quarter of 2023. which can be found on our investor relations website along with this presentation at ir.netpower.com. During this call, our remarks and responses to questions 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 will now pass it over to Danny Rice, NetPower's Chief Executive Officer.

Thanks, Bryce. Hi, everyone, and welcome to NetPower's third quarter 2023 earnings call. I'd like to briefly revisit our strategic initiatives before I turn the call over to Brian for some key operational updates. Our three-pillage strategy, which we outlined on our inaugural earnings call, serves as a framework to measure our progress towards achieving clean, affordable, and reliable energy. As Brian will speak to shortly, we're working towards not only demonstrating our patented technology at the utility scale, but also towards creating a standardized plant design that will allow us to get to manufacturing mode as efficiently as possible by the end of this decade. Simultaneously, we continue to make great progress towards building out our project pipeline, which I will touch on further in a few minutes. This technology opens an incredible universe of opportunities for us. And our first plan will ultimately set the stage for future deployment. And it's of the utmost importance to get our first one right. We're taking a methodical approach to ensure that this first utility scale project validates the technology while operating with a focus on clean, reliable, and safe operations. Net power is on a mission to lower the cost of power and lower the emissions from power without sacrificing reliability. The world's beginning to see that for energy to be sustainable, it needs to be clean, more affordable, and more reliable. Natural gas has been proven to be the go-to energy source to meet our reliability and affordability needs, and we need technologies like NetPower to eliminate CO2 emissions in the most cost-effective manner possible. So with that, I'll pass it over to Brian for some operational updates.