PPL Corporation
04/20/2021 | News release | Distributed by Public on 04/20/2021 08:32
Collaboration Aims to Accelerate Low-Carbon Energy Technologies
With the understanding that existing technology is not enough to achieve increasingly ambitious decarbonization goals, the Electric Power Research Institute and Gas Technology Institute in 2020 launched a five-year initiative to accelerate the development and demonstration of low-carbon energy technologies.
The Low-Carbon Resources Initiative is a unique, international collaborative spanning the electric and gas sectors that aims to achieve decarbonization goals in a safe, reliable and affordable manner.
PPL is among the 18 anchor sponsors for the initiative, which leverages a collaborative research model, bringing industry stakeholders together to conduct clean energy research and development to identify potential pathways to a low-carbon future.
The collaborative was seeded with an original investment of $10 million from the Electric Power Research Institute. Industry partners, like PPL, have contributed over $100 million to the initiative, which is expected to be leveraged many times over through public and private collaboration.
The Low-Carbon Resources Initiative is targeting advancements in low-carbon electric generation technologies and low-carbon energy carriers, such as hydrogen, ammonia, synthetic fuels and biofuels.