Smoltek Nanotech Holding AB (publ) (“Smoltek” or the “Company”) has developed a porous transport electrode (PTE) that reduces the amount of iridium catalysts in PEM electrolyzers to a minimum of 0.1 mg/cm²– the level considered to make large-scale production of PEM electrolyzers profitable. The reduction represents a 95 percent reduction in iridium compared to conventional PEM electrolyzers, which provides a solution to the major challenge that the overuse of iridium poses to the hydrogen industry.

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