CRIMSON Commercialisation of a Recyclable and Innovative Manufacturing Solution for an Optimised Novel marine turbine.

Summary

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 recycled 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).

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More information & hyperlinks

Web resources:	https://cordis.europa.eu/project/id/971209
Start date:	01-03-2021
End date:	31-05-2024
Total budget - Public funding:	3 930 000,00 Euro - 2 991 562,00 Euro

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Original description

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).