The Centre for Renewable Energy at Dundalk IT (CREDIT) was founded in 2002; its mission remains, "to assist Ireland’s transition to a renewable energy-based economy".
CREDIT is an applied research centre; its research interests include wind energy, energy storage, bio-energy and, recently, wave energy.
Teaching is central to CREDIT's mission; it has driven the development of the institute's M.Sc. in Renewable Energy Systems and other programmes. CREDIT also works in association with the Irish Wind Energy Association to provide training. In 2011, CREDIT, together with IWEA, Wind Skillnet and corporate sponsors, delivered Europe's first KidWind teacher-training course.
In 2005, the Centre led the installation of the world's first large commercial wind turbine on a college campus, a Vestas V52 850kW machine. The turbine provides half of the electricity used on-campus and has already paid for itself in savings. The turbine has become a symbol of modern Dundalk.
Since 2009, CREDIT has operated the world's first electricity storage system of its kind coupled to a large, stand-alone, wind turbine. Funded by Enterprise Ireland the system's core is a flow battery rated at 125kW and 500kWh. It was installed primarily as a research platform.