Low-Carbon Resources Initiative surpasses $100M in funding from 33 global partners

In California, the Low-Carbon Resources Initiative, a joint project led by the Electric Power Research Institute and Gas Technology Institute, surpassed a major milestone of $100 million in funding, adding its 33rd sponsor, Xcel Energy. This global collaboration is gaining momentum in delivering scientific credibility and objectivity to support international decarbonization.

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.”