In doing so, the Australian hydrogen industry will be handed a significant boost to its capabilities and could see a surge in popularity for the clean energy carrier in the maritime industry.

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In targeting a development end date of the third quarter of 2023, Poseidon will successfully scale the technology and prove that hydrogen is ready to be used here and now.

The boat will also help create supply and demand for hydrogen in Australia.

The company has said that it is confident they will be able to create a model that allows for a new top to be seamlessly installed onto a repurposed hull.

Once commercialised, the company said it will lead to quick uptake by significant players in the industry as the majority of the infrastructure for a carbon-free boat is already at hand.

Peter Mastalir, Board Member at Poseidon H2 Marine, said, “Initially, we will be following a rigorous 10-month research and development process, then commence building the most commercially viable option.

“We intend to use existing technologies as much as possible, which is why we are looking to use an existing hull design with a unique upper deck and internal layout.

“Our number one goal is to build a better boat; it just happens to be that it will be powered by hydrogen. The brief is to ensure it has an equivalent operational range, requires less maintenance and is cheaper to run than traditional fuel sources like diesel.”

Making hydrogen happen

This March, H2 View will explore A Climate for Action and Investment in Europe in an immersive virtual event that features some of the leading stakeholders and influencers in hydrogen, including a Women in Green Hydrogen panel.

Confirmed speakers include the Hydrogen Europe, Clean Hydrogen Partnership, FiveT Hydrogen, Airbus, Nel, BMW, Michelin and more.

Further information on the event, agenda and confirmed speakers can be found here.

To book your ticket for €79, click here.