The Electric Power Research Institute (EPRI) and Gas Technology Institute (GTI) embark on a five-year initiative to accelerate the development and demonstration of low-carbon energy technologies. With increasingly ambitious decarbonization goals from private companies and governments alike, existing technology is not enough to achieve those targets, according to the organization.
The Low-Carbon Resources Initiative (LCRI) is an international collaborative spanning the electric and gas sectors that will reportedly help advance global, economy-wide deep decarbonization. With 18 anchor sponsors, the LCRI leverages the collaborative research model employed by both EPRI and GTI, bringing industry stakeholders together to conduct clean energy R&D for society’s benefit. Seeded with $10 million from the EPRI collaborative, funding for the initiative is expected to be leveraged many times over its $100 million target through public and private collaboration.
Sponsors of the initiative represent a wide swath of the energy industry, bringing exceptional knowledge and depth to the LCRI. These entities include: American Electric Power, Con Edison, Dominion Energy, Duke Energy, Exelon Corporation, Lincoln Electric System, Los Angeles Department of Water & Power, Missouri River Energy Services, Mitsubishi Hitachi Power Systems, Americas, National Fuel, New York Power Authority, Portland General Electric, PPL Corporation, Salt River Project, SoCalGas, Southern California Edison, Southern Company and the Tennessee Valley Authority
The LCRI is targeting advancements in low-carbon electric generation technologies and low-carbon energy carriers, such as hydrogen, ammonia, synthetic fuels and biofuels. This worldwide collaborative will reportedly:
- Identify and accelerate fundamental development of promising technologies
- Demonstrate and assess the performance of key technologies and processes
- Inform key stakeholders and the public about technology options and potential pathways to a low-carbon future
EPRI and GTI will host a virtual roundtable on low-carbon resources Sept. 1, 2020, at 1 p.m. ET. The discussion will feature comments from:
- Paul Browning, President & CEO, Mitsubishi Hitachi Power Systems, Americas
- Stan Connally, Executive Vice President, Operations, Southern Company
- Donna L. DeCarolis, President, National Fuel Gas Distribution Corporation
- Doug Esamann, Executive Vice President, Energy Solutions, Duke Energy
- Kim Greene, President and CEO, Southern Company Gas
- Colette D. Honorable, Partner, Reed Smith LLP (FERC Commissioner 2014-2017)
- Gil Quiniones, President and CEO, New York Power Authority
For more information, visit: www.LowCarbonLCRI.com
