Low-Carbon Resources Initiative surpasses $100M in funding with Xcel as 33rd sponsor

This week the Low-Carbon Resources Initiative (LCRI), a joint project led by the Electric Power Research Institute (EPRI) and Gas Technology Institute (GTI), said it surpassed a major milestone of $100 million in funding, adding its 33rdsponsor, Xcel Energy. This global collaboration is gaining momentum in delivering scientific credibility and objectivity to support international decarbonization, said the organization in a press release. 

LCRI is a five-year initiative that brings together industry stakeholders to accelerate development and demonstration of low- and zero-carbon energy technologies through transformative, clean energy research and development. 

“As industry and government take aggressive action to address climate change, LCRI is identifying and accelerating low-carbon options essential to a clean energy future,” said Neva Espinoza, Vice President of Energy Supply and Low-Carbon Resources. “Together EPRI and GTI are driving a historic effort, combining our unique technical expertise with deep experience from leading energy companies to make a net-zero future possible.”

“The strong interest in technology solutions for low carbon resources is indicative of the challenge to meeting mid-century decarbonization goals,” said Mike Rutkowski, GTI Senior Vice President of Research & Technology Development. “We feel the LCRI will provide its sponsors with a means for the scale, leverage, and collaboration needed to address this global challenge.”

Sponsors of the initiative represent a broad spectrum of energy industry leaders committed to decarbonization. In joining LCRI, these organizations are demonstrating their profound commitment to meeting emissions reductions goals and advancing the innovative technologies needed to get there.

AlliantAmerenAmerican Electric Power
Arizona Public ServiceCenterPoint EnergyCPS Energy
ConEdisonConsumers EnergyDominion Energy
Duke EnergyExelon CorporationGE
Intermountain Gas CompanyLincoln Electric SystemLos Angeles Department of 
Water & Power
Missouri River Energy 
Mitsuibishi Hitachi Power 
Systems, America
National Fuel
National GridNebraska Public Power 
New York Power Authority
NOMACOglethorpe PowerPortland General Electric
PPL CorporationSalt River ProjectSoCalGas
Southern California EdisonSouthern CompanyTennessee Valley Authority
Tri-State Generation and 
Transmission Association
WEC Energy GroupXcel Energy

The body of technical work around LCRI continues to grow. A public whitepaper, “An Introduction to Low-Carbon Fuels,” is available now for download, and a technology research plan will be unveiled in the second quarter of 2021 outlining the initiative’s research and development priorities.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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