Daniel Rice

Director, Eqt

Search every verified Daniel Rice interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a July 2023 appearance on The Power Hungry Podcast, Danny Rice discussed his role as CEO of NET Power, a company that went public via a SPAC. He described the company's technology, the Allam Cycle, as an oxy-combustion process that uses natural gas and pure oxygen to generate power while capturing nearly all CO2 emissions. Rice stated that the process produces a pure stream of CO2 ready for sequestration and that the business model includes licensing fees, with each license valued at around $65 million in present value. He estimated that the United States market alone could support approximately 1,300 NET Power plants to replace the aging power generation fleet. Rice argued that "clean doesn't just mean renewable" and that the focus should be on low-carbon-intensity power sources that are baseload, dispatchable, and reliable. He expressed concern that over-reliance on renewables could lead to coal being used as an emergency power source. Rice noted that the company's revenue streams include selling power, CO2, and benefiting from tax credits like 45Q. He also highlighted the need for states to establish funds to underwrite long-term liability for CO2 storage. Rice expressed optimism that technologies like NET Power could achieve what he called the "energy trifecta" of clean, reliable, and affordable power.