Exelon Corporation today announced its sponsorship of an Electric Power Research Institute (EPRI) and Gas Technology Institute (GTI) five-year initiative to accelerate the development and demonstration of low-carbon energy technologies.

The LCRI seeks to identify and accelerate fundamental development of promising technologies, demonstrate and assess the performance of key technologies and processes, and inform key stakeholders and the public about technology options and pathways to a potential low-carbon future.

"The Low-Carbon Resources Initiative (LCRI) is a unique, international collaborative spanning the electric and gas sectors that will 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," EPRI and GTI said

Sponsors 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:

• 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

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