PPL Corp. is partnering with the Electric Power Research Institute (EPRI), Gas Technology Institute (GTI), and other industry leaders on a five-year initiative to accelerate the development of low-carbon energy technology.
The company is one of 18 anchor sponsors of the new Low-Carbon Resources Initiative. The collaborative effort will focus on identifying, developing, and demonstrating affordable pathways to economy-wide decarbonization.
"PPL has set a goal to reduce its carbon emissions by at least 80% by 2050 and we continue to advance leading smart grid solutions to support a sustainable energy future," said Vincent Sorgi, PPL president and chief executive officer. "We're confident that these goals are achieveable with today's technology. At the same time, we recognize that going even further faster to address climate change requires new ideas, technology, and systems that can be delivered safely, reliably, and affordably for those we serve. That's why we're proud to partner with the EPRI and the GTI to speed innovation that benefits society and advances a cleaner energy future."
The research and development (R&D) initiative will seek fundamental advances in a variety of low-carbon electric generation technologies and low-carbon energy carriers, such as hydrogen, ammonia, synthetic fuels, and biofuels. This includes assessing low-carbon pathways for producing, transporting, and storing these energy carriers, as well as opportunities to use them in power generation, transportation, and other applications.
"Having PPL engaged as an anchor sponsor will further our efforts to drive collaboration through the Low-Carbon Resources Initiative to reach deep decarbonization goals beyond 2030," said EPRI President Arshad Mansoor. "Achieving ambitious targets will require technologies and processes beyond those widely available today. This global initiative will advance affordable pathways to economy-wide decarbonization."