When politicians who are alarmed about climate change think about green energy, they tend to be fixated on solar and wind power. However, thanks to a recent merger announced between NET Power and Rice Acquisition Corp II, natural gas is about to become the leading source of green energy, supplanting solar and wind.

NET Power has developed a new natural gas power plant technology called the Allam cycle. Conventional natural gas plants burn natural gas to heat water, which then turns the turbines that generate electricity, emitting carbon dioxide into the atmosphere. An Allam cycle plant uses the carbon dioxide to turn the turbines and then sequesters it for sale to customers that use the CO2 for everything from fuel to building materials to food. NET has successfully run a test plant in La Porte, Texas, since 2018.