ORPC and its subsidiary ORPC Ireland are partnering with a European consortium to create a new generation of marine renewable energy turbines that increase reliability and performance while reducing manufacturing costs.
"ORPC's growing operations in Ireland and Europe are an important part of the global demand for our clean, renewable marine energy solutions are the CRIMSON project will provide further technological advancements crucial to scaling the commercialization of our marine energy systems in the region and around the world" said Stuart Davies, CEO of ORPC.
The ORPC team along with ÉireComposites of Galway and National University of Ireland Galway are collaborating with Mitsubishi Chemical Advanced Materials, Germany, and Consiglio Nazionale delle Ricerche of Italy on the effort, known officially as the Commercialization of a Recyclable and Innovative Manufacturing Solution for an Optimized Novel (CRIMSON) Project. Funding is provided by the European Commission via its Fast Track to Innovation program. The total project is valued at 3.9 million.
REDUCED COSTS WILL ACCELERATE COMMERCIAL ADOPTION AT SCALE
The CRIMSON project will bring to market ORPC's reliable, sustainable marine energy river and tidal turbine with foils made entirely of recycled carbon fiber, while also reducing capital expenditure and operating expenditure by 33% and 66% respectively. By reducing lifecycle costs and carbon impacts from manufacturing, the approach provides a long-term solution for climate change mitigation. The Commission's funding will drive market adoption of renewable marine energy in the bid to replace carbon emitting fossil fuels. This technology has the potential to generate gigawatts of clean energy from river and tidal currents. It is estimated that there is some 615 TWh per year of harvestable energy from tidal streams, ocean currents, and riverine currents and marine energy power systems can harvest that energy.
