EGEE, Enabling Grids for E-Science in Europe, will be the largest grid project in the world.
The EU is contributing €32 million, with further funding coming from commercial and research interests.
The project has a four year lifespan.
Up to 20,000 computers across the globe will be harnessed together for EGEE.
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Led by Swiss nuclear physics research centre CERN, more than 70 partners from 27 countries will participate, with TCD the Irish partner.
More than 160 researchers are involved in the first two years of the project.
The grid will easily be able to crunch through petabytes of data (a petabyte is 10 to the 15th power of bytes).
Website: http://public.eu-egee.org/
