Smoltek reduces investment costs for green hydrogen production

Smol­tek’s mater­i­al is based on car­bon nan­ofibers and provides a new solu­tion for the cata­lyst lay­er on the anode side of the cell stack in PEM elec­tro­lyz­ers. The elec­tro­lyz­er is a mar­ket that is grow­ing expo­nen­tially due to the huge invest­ments that are now being made world­wide to enable the pro­duc­tion of green hydro­gen. For example, Glob­al Mar­ket Insights Inc* estim­ates that the mar­ket for elec­tro­lyz­ers will be val­ued at around SEK 650 bil­lion glob­ally in 2030.

The three-dimen­sion­al struc­ture of our cell mater­i­al increases the cur­rent dens­ity to such an extent that the elec­tro­lyz­er size can be reduced by up to a factor of three, while the usage of the expens­ive mater­i­al iridi­um can be reduced by over 80%. Togeth­er, this makes it sig­ni­fic­antly cheap­er to build new hydro­gen plants, which is cru­cial for the rap­id growth of what is being called the new green hydro­gen economy.

“We are look­ing for­ward to a very excit­ing autumn. The res­ults of the two ongo­ing demon­stra­tion pro­jects and our new com­pet­ent employ­ees are crit­ic­al mile­stones for the devel­op­ment of pro­to­types, pilot plants and cus­tom­er pro­jects. Addi­tion­ally, it is really inspir­ing to see increas­ing val­id­a­tion of the boom­ing hydro­gen eco­nomy and how large it will become. Coun­try after coun­try sur­passes each oth­er in the enorm­ous sums that they are invest­ing in the hydro­gen expan­sion. The lack of nat­ur­al gas is push­ing things even fur­ther in this direction,”

says Ellinor Ehrn­berg, Pres­id­ent of Smol­tek Innovation

* Elec­tro­lyz­er Mar­ket worth over $65 Bn by 2030