On August 10, 2020, some of the nation’s largest utilities and energy firms launched the Low-Carbon Resources Initiative (LCRI), a $100 million initiative to bring early-stage technologies like clean energy and bioenergy to large-scale deployment in the 2030 to 2050 timeframe.[1][2] This five-year initiative will identify and accelerate development of promising technologies from around the world. Additionally, it will demonstrate and assess the performance of key technologies and identify possible improvements. Lastly, it will inform key stakeholders and the public about technology options and potential pathways to a low-carbon future.
The initiative was organized by the Electric Power Research Institute (EPRI) and the Gas Technology Institute (GTI). EPRI will provide $10 million in seed funding. The initiative's 18 members are 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.
[2] https://www.greencarcongress.com/2020/08/20200811-lcri.html