Poseidon Marine H2’s technical partner Dynamic Efficiency has taken Avesta Consulting to meet with their certification consultants to accelerate the process of getting their technical solution that will allow boats to operate on diesel and hydrogen fuels underwritten by insurers.
In the meeting, Poseidon Marine H2 and Avesta Consulting
updated the certification consultants on the progress of the finite element analysis, which they will use to certify for the technology as insurable.
“This was a significant step for the progress of Poseidon Marine H2
,” says Peter Mastalir, Poseidon Marine H2’s Principal Engineer & Director. “The certification consultants have a more detailed understanding of the proof of concept Avesta Consulting is developing for our technology, while also giving us both feedback ahead of time so we can meet the requirement needed for approval.”
“This is one of the key reasons we are working with Avesta Consulting, as they have the experience in working with certification consultants on R&D projects to deliver a computerised proof of concepts that meet the necessary standards.”
With the finite element analysis due to be complete in August, Poseidon Marine H2 is about to place a purchase order with the publicly listed certification consultants, which aims to have the technology underwritten by end of the 3rd quarter of 2022.
“Our certification consultants have a global reputation for helping innovative companies get their products underwritten.”
“Approval from them will also provide our proof of concept with validation from an industry heavyweight, which will play an integral role in forming offtake agreements with large boating manufacturers.”
The finite element analysis will also allow the company to secure provisional patents, while also ensuring their product meets or exceeds the current standards of manufacturing compliance.
“Once we have these elements in the next three months, we will be able to take our proof of concept to market and finalise agreements with large boat manufacturers along with industrial/public contracts with defence forces, ferry operators, police bodies and other major maritime sectors around the world.”
Poseidon Marine H2
says there is already strong market interest for their versatile technology
that can operate on multiple fuels, including hydrogen and diesel, which will allow customers to operate on current and future refuelling infrastructure.
With limited shares available, you will not want to miss out on investing in a company
on track to having a working product by Q3 2023, which they will commercialise via a planned public listing in Q1 2024.