At a time when global efforts to decarbonize are increasing, Poseidon H2 has been launched with the goal of becoming a major player in Australia’s hydrogen-fuelled maritime sector.
We plan to use cutting-edge green hydrogen technology in various maritime applications, and we hope this will put the industry on a path towards zero carbon emissions.
Hydrogen is a renewable source of energy that can be used by shipping companies around the world.
Hydrogen-powered ships and related logistics technologies are in high demand around the world, so the company is taking advantage of this growing market.
Hydrogen has been widely hailed as the fuel of the future because of its efficiency, reliability, and cost-effectiveness in reducing greenhouse gas emissions.
Despite the fact that major western countries have committed billions of dollars in incentives to meet their targets of net zero emissions by 2050, the global hydrogen market has grown exponentially.
Commercial shipping and boating, as well as the military, can benefit from hydrogen, a Poseidon H2 spokesperson said.
According to him, “as governments, companies, and investors worldwide strive to reduce carbon pollution to net zero, we offer an affordable and clean solution for a sector that accounts for only 2.5 percent of global emissions.”
Hydrogen is predicted to become a global market worth US$201 billion by 2025. ” Building on this momentum and creating a globally competitive industry in Australia is our ultimate goal.
According to Barclays Private Bank’s forecast for 2050, 696 million metric tons of hydrogen could be consumed. As a result, this represents a six-fold increase in annual sales and $700 billion in revenue.
A National Hydrogen Strategy and AU$500 million in funding have been put in place by the Australian government to support hydrogen as a resource.
An Australian-first business model that is scalable across international markets is provided by Poseidon H2 in this industry of the new economy.