Los Angeles Cleantech Incubator Boosts Utility’s Research & Development
“LOS ANGELES, Sept. 5, 2013 /PRNewswire/ — Southern California Gas Company (SoCalGas) has established a $1 million innovation fund with the Los Angeles Cleantech Incubator (LACI) to speed the development of clean technologies.
Working in collaboration with the LACI, a nonprofit business development agency that helps accelerate the commercialization of clean technologies, SoCalGas has launched an effort to identify and help bring to market potential clean technology solutions in three key areas: fuel cells, renewable natural gas and distributed natural gas products such as liquid transportation fuels and other chemicals.
“Natural gas is more than just a bridge fuel to meet current global energy needs; it has the potential to become a truly sustainable energy source, through new technologies that can produce gas from biomass and solar energy. We are excited about the project with LACI because it enables us to speed the advancement of key technology areas that we think can have a significant impact on the environmental issues facing California and the planet,” said Jeff Reed, Director of Business Strategy and Development for SoCalGas. “This collaboration provides us with a very cost effective and streamlined solution to identifying, developing and deploying strategic technologies.”