Electric Power Research Institute (EPRI) Company Profile

Background

The Electric Power Research Institute (EPRI) is an independent, nonprofit organization established in 1972, dedicated to conducting research and development related to the generation, delivery, and use of electricity. EPRI's mission is to address challenges in the energy industry, including reliability, efficiency, affordability, health, safety, and environmental impact.

Key Strategic Focus

EPRI's strategic focus encompasses several core areas:

• Generation: Enhancing the flexibility, reliability, performance, and efficiency of existing fossil-fueled and renewable energy generating fleets.

• Nuclear: Developing cost-effective technologies and technical guidance to maximize the value of existing nuclear assets and inform the deployment of new nuclear technology.

• Energy Delivery and Customer Solutions: Focusing on distributed energy resource integration, efficient electrification, connectivity, information technology enabling an integrated grid, and cybersecurity guidance.

• Technology Innovation: Researching and developing early-stage and breakthrough technologies that could lead to promising concepts, new knowledge, and potential breakthroughs.

Financials and Funding

EPRI operates as a nonprofit organization, primarily funded through membership dues and research contracts. As of the latest available data:

• Annual Revenue: Approximately $466.6 million in FY 2023.

• Total Funding: $16.7 million, with the last funding round amounting to $10.7 million.

• Employees: Approximately 2,100.

Technological Platform and Innovation

EPRI distinguishes itself through several proprietary technologies and scientific methodologies:

• Advanced Control Systems: Development of control systems for power plants to optimize performance and efficiency.

• Smart Grid Technologies: Pioneering research in smart grid technologies to enhance energy system management.

• Carbon Capture and Storage: Leading development in technologies for capturing and storing carbon dioxide emissions from power plants and industrial sources.

Leadership Team

• Arshad Mansoor: President and Chief Executive Officer.

• Pamela J. Keefe: Senior Vice President, Chief Financial Officer, and Treasurer.

• Neil Wilmshurst: Senior Vice President of Energy System Resources and Chief Nuclear Officer.

• David Lindsey: Vice President, Information Technology and Chief Information Officer.

Competitor Profile

Market Insights and Dynamics

The energy research and development sector is characterized by rapid technological advancements and a strong emphasis on sustainability and efficiency. EPRI operates within this dynamic landscape, focusing on innovation and collaboration to address industry challenges.

Competitor Analysis

Key competitors include:

• Rocky Mountain Institute (RMI): A nonprofit organization focusing on market-based solutions to promote energy efficiency and renewable energy.

• The Solar Foundation: Dedicated to advancing solar energy through research and education.

• National Renewable Energy Laboratory (NREL): A federal laboratory dedicated to research, development, commercialization, and deployment of renewable energy and energy efficiency technologies.

Strategic Collaborations and Partnerships

EPRI collaborates with over 450 companies in 45 countries, driving innovation to ensure clean, safe, reliable, affordable, and equitable access to electricity globally.

Operational Insights

EPRI's strategic considerations include:

• Innovation Leadership: Maintaining a leading position in energy research through continuous innovation.

• Global Collaboration: Expanding partnerships to enhance research capabilities and address global energy challenges.

• Sustainability Commitment: Focusing on sustainable energy solutions to meet environmental goals.

Strategic Opportunities and Future Directions

EPRI's strategic roadmap includes:

• Decarbonization: Advancing research in low-carbon technologies to support global decarbonization efforts.

• Grid Modernization: Developing technologies to modernize the grid for improved reliability and efficiency.

• Renewable Energy Integration: Enhancing the integration of renewable energy sources into the existing energy infrastructure.

Contact Information

• Website: www.epri.com

• Headquarters: Palo Alto, California, United States

• Social Media:

• LinkedIn: EPRI LinkedIn

• Twitter: @EPRINews

• Facebook: EPRI Facebook

• YouTube: EPRI YouTube