Poseidon Marine H2’s Directors and Avesta Consulting’s Director with the sketching of the technology (sketching blurred due to IP constraints). Left to right: Brad Glass (Avesta Consulting), Peter Mastalir (Poseidon Marine H2), Kevin Morgan (Poseidon Marine H2) and Yianni Chapley (Poseidon Marine H2)
Sydney base, Poseidon Marine H2’s has engaged Avesta Consulting to conduct a finite element analysis of their versatile marine technology which will allow boats to operate on multiple fuels, including hydrogen and diesel.
With work already underway, Avesta Consulting is set to deliver the results in the next six to eight weeks. “We are very excited to be working on this project with Poseidon Marine H2, who are on track to develop a product that has the potential to play an integral role in decarbonising the marine sector,” says Brad Glass, Avesta Consulting’s Director & Principal Consultant.
“Avesta Consulting is the perfect partner for this project, they are an Australian leader in providing integrated engineering design and simulation services that take ideas from concept to commercial reality,” says Peter Mastalir, Poseidon Marine H2’s Principal Engineer and Director.
Due to be completed in August 2022, the finite element analysis will generate a computerised model that predicts how their revolutionary technology will react to real-world hydrodynamic loads, impact forces and other physical effects. Once they have a working boat in Q3 2023, the company will commercialise their product via a planned public listing in early 2024.
Their number one goal is to ensure the solution being developed has an equivalent operational range, requires less maintenance and is cheaper to run than other boats. The IP registered technology will be used to form licensing agreements with large manufacturers and industrial/public contracts with defence forces, ferry operators, police bodies and other major maritime sectors around the world.
As they are building an industry-first technology, the intent is for the solution to be adopted as the global standard for hydrogen boating, which will open them up to substantial royalty opportunities.
