Industry innovators, Globo Hydro Power Limited, have announced their Pre-IPO share offering to the market and unveiled their patented fuel enhancing process that utilises hydrogen to halve petrol costs and drastically reduce greenhouse gas emissions.
Described as “one of Australia’s best kept R&D secrets”, Globo Hydro Power is a process that utilises hydrogen as a stimulant in the internal combustion process of engines to cause a more effective burn, therefore increasing engine performance.
Independent on-road testing has revealed the Globo Hydro Power process achieves up to 50% savings in petrol costs and a 45% reduction in negative greenhouse gas emissions.
Hydrogen has long been recognised as a future alternative source of fuel, however experts predict that the transition to an entirely hydrogen run car is still 20 years away. Despite positive moves towards such advancements, there is a distinct lack of solutions that are compatible with today’s motor vehicles. This is what initially inspired co-founders Elaine Johns and Peter Feeley to develop the Globo Hydro Power process.
“We believe that Globo Hydro Power is the missing link between motor vehicles of today and hydrogen vehicles of tomorrow”, says Co-Founder Elaine Johns.
As the process is quite simple and involves only minor adaptations to current engines, no functional changes are encountered during installation of the product. “This is a great example of science working smart not hard”, according to Co-Founder Peter Feeley.
The company has already developed a number of key relationships in the industry, most notably with the Institute of Automotive Mechanical Engineers, to develop effective training programs for installers, and a service station chain of 60 outlets who will be hydrogen retailers for the “Swap and Go” of cylinders of hydrogen.
After 4 years of research and development Globo Hydro Power Limited is currently in the commercialisation stage of business and, due to the ever-rising price of oil and consistent demand for environmentally-friendly products, it is to be a high-growth company to keep an eye on.
“Globo Hydro Power is the chance for all people to embrace a simple and relatively cheap technology that saves money on fuel costs whilst most importantly taking responsibility for the longevity of our environment through the lowering of negative emissions”, says Peter Feeley
Globo Hydro Power Limited is currently seeking private capital from Sophisticated Investors.
More information can be found at www.globohydropowerlimited.com
Globo Hydro Power Ltd
Globo Hydro Power is a fuel enhancing process suitable for application within fossil fuelled internal combustion engines, which has been 5 years in development. Specific applications are Petrol, LPG and Diesel engines of the inclusions of motor vehicles, motorised equipment, power generators, marine transport and locomotive transport
P: 0427 867 860