Irish-led tidal energy project receives €3m in EU funding RivGen turbine. Image: ÉireComposites The project will see the development of a new marine turbine that will harvest clean energy from tidal streams, ocean currents and riverine currents. Galway-based ÉireComposites is leading a project to develop a state-of-the-art marine hydrokinetic turbine that aims to produce clean energy at a reduced cost. The Crimson marine project has secured €3m in funding from the European Commission via the Fast Track to Innovation programme. Design and manufacturing company ÉireComposites will lead an international consortium that also includes NUI Galway and the Ocean Renewable Power Company (ORPC).