Daniel Rice’s SPAC to Merge With Clean-Energy Firm NET Power (2)

Daniel Rice — a serial dealmaker and natural gas mogul — is set to take the reins of a clean-power technology company through a deal with a blank-check firm.

Rice Acquisition Corp. II, his special purpose acquisition company, agreed to merge with NET Power in a deal valuing the combined company at about $1.5 billion, including debt, according to a statement Wednesday confirming a Bloomberg News report.

NET Power, which has come up with a way to make power plants pollution free, is a game-changing company with enormous upside potential, Rice said in an interview. He believes in it so ...