Net power and rice acquisition corp. ii secure $50 million pipe commitment from sk group and announce intent to form joint venture to accelerate deployment of net power plants in asia

Durham, n.c.--(business wire)--net power, llc (“net power”) and rice acquisition corp. ii (nyse: roni) (“roni”) today announced a $50 million pipe commitment from sk group (“sk”) in connection with net power's and roni's proposed business combination. the groups also announced their intent to establish a net power-sk joint venture to pursue the origination and development of utility-scale net power plants across asia. the proposed net power-sk joint venture is expected to utilize net power's pa.
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