Poseidon Marine H2 forms a strategic partnership with Griffith University
Griffith University has world-class manufacturing facilities and what better way to use them than for this marine project.
Griffith University and Poseidon Marine H2 have joined forces to develop a versatile marine technology that will allow boats to operate off multiple fuels, including diesel and hydrogen.
The letter of intent will see Griffith University become Poseidon Marine H2’s strategic partner, which will give the marine tech company access to the university’s resources.
Griffith Uni’s letter of intent outlines its plans to:
- Become a strategic partner.
- Provide R & D testing services to facilitate the optimised design of the prototype vessel.
- Provide Advance Manufacturing services (3D Printing, Composite filament winding, etc.) to support the manufacturing of the prototype vessel.
Poseidon Marine H2 says this partnership will be critical to manufacturing their prototype vessel, which will be delivered in Q3 2023.
“This is an important partnership for Poseidon Marine H2, it gives us access to a wide range of resources and technical support from some of Australia’s most respected academics,” says Poseidon Marine H2’s Principal Engineer & Director, Peter Mastalir.
Griffith University Vice President (Industry and External Engagement) Dr Peter Binks said the university was excited about being part of developing a revolutionary technology that will play a critical role in decarbonising the marine sector.
“This partnership supports our commitment to supporting entrepreneurial companies in Queensland and helping industrial transformation to reduce carbon emissions,” Dr Binks said.
By the end of Q3 2022, the company will have a finite element analysis, a proof of concept, certification and a provisional patent, which will provide the company with the leverage needed to form offtake agreements with large boat manufacturers.
The company will also be targeting substantial industrial/public contracts with defence forces, ferry operators, police bodies and other major maritime sectors worldwide.
Poseidon Marine H2 says there is already strong market interest for their versatile technology that can run on multiple fuels, allowing customers to operate on current and future refuelling infrastructure.
The company is on track to have a working product by Q3 2023, which they will commercialise via a planned public listing in Q1 2024.