Project description
Commercialisation of marine hydrokinetic power system
The worldwide potential for clean, green electricity from the kinetic marine energy in rivers and tidal currents is 120 GW. The EU-funded CRIMSON project will bring to market a high-performance, low-cost, and scalable marine hydrokinetic energy turbine by applying advanced manufacturing techniques suitable for high-volume manufacturing with recycled materials. Project partners will demonstrate the immediate impact of this disruptive technology, revealing the technical and commercial potential of harnessing marine hydrokinetic energy. The longer-term impact will be to reduce the levelised cost of electricity for the European citizen – the ultimate beneficiary of this innovation. CRIMSON will also deliver significant positive impacts in terms of industry/EU competitiveness and scalable company growth in revenue and jobs (EUR 300 million of revenues and over 200 jobs by 2026).
Objective
The CRIMSON project will bring to market a reliable, sustainable, marine energy turbine, and is underpinned by the application of novel materials and an advanced manufacturing process. The key driver for this project is the global potential to generate 120GW of clean, predictable electricity from the kinetic marine energy in rivers and tidal currents. CRIMSON will provide high-performance, low-cost, and scalable marine hydrokinetic (MHK) power systems to the market using manufacturing techniques suitable for high-volume manufacturing with composite materials.
The immediate impact of this disruptive technology will be to demonstrate the technical and commercial potential of harnessing marine hydrokinetic energy; the longer term impact will be to reduce the Levelized Cost of Electricity (LCOE) for the European citizen – the ultimate beneficiary of this innovation. CRIMSON will also deliver significant positive impacts in terms of industry/EU competitiveness and scalable company growth in revenue & jobs (€300m of revenues & over 200 jobs by 2026).
This ambitious project is led by ÉireComposites, an established industry player in composites manufacturing for the Aerospace and Renewable Energy sectors and an experienced FP7/Horizon 2020 participant, who will coordinate the project and manufacture the rotating turbine structure. Ocean Renewable Power Company (ORPC), a leading marine energy OEM and technology end-user, is the second industry partner. ORPC has already invested substantial funds (in excess of €100m) in the commercialisation of marine energy and is determined to become a global leader in the sector. Their adoption of the CRIMSON technology will demonstrate its early market acceptance. To achieve the goals of CRIMSON, the project will be supported by a materials specialist (Mitsubishi Chemical Advanced Materials), a testing partner (CNR, the Italian National Research Council) and an academic partner (National University of Ireland Galway).
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EC - Horizon 2020 Framework Programme
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
IA - Innovation action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-FTI-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
CO. GALWAY INVERIN
Ireland
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.