US contractor McDermott International has won a pre-front-end engineering and design contract worth up to $50 million for 8 Rivers Capital’s NET Power UK project.

NET Power is a collaboration between McDermott, 8 Rivers, Exelon Generation and Oxy Low Carbon Ventures with the goal of designing a new way to generate power from hydrocarbons without releasing CO2 into the atmosphere, paving the path to decarbonised economic growth.

The project will generate a UK-specific NET Power design, which 8 Rivers is seeking to then deploy at multiple locations including Teesside in the UK.