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
Keywords
Programme(s)
Funding Scheme
IA - Innovation actionCoordinator
CO. GALWAY Inverin
Ireland
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.