---
title: "Smoltek Innovation changes name to Smoltek Hydrogen"
canonical_url: "https://www.smoltek.com/smoltek-innovation-changes-name-to-smoltek-hydrogen/3908/"
date: 2022-10-03
author: "Fredrik Liljeberg"
featured_image: "https://www.smoltek.com/wp-content/uploads/2022/10/smoltek-mc2-2022-06-01-jpg.webp"
categories:
  - name: "News"
    url: "https://www.smoltek.com/category/news.md"
---

# Smoltek Innovation changes name to Smoltek Hydrogen

The renam­ing of the sub­sidiary is a log­i­cal next step when the inno­va­tion project around mate­ri­als for elec­trolyz­ers and green hydro­gen is now its own inde­pen­dent busi­ness area with­in Smoltek, and the new com­pa­ny name shows that we are com­mit­ted to the ambi­tion to pro­vide the new hydro­gen econ­o­my with deci­sive tech­nol­o­gy.[1](https://www.smoltek.com#1924ffbd-bb01-4d27-b5da-b823daf959db)

> “The glob­al hydro­gen mar­ket is grow­ing incred­i­bly fast, and the mar­ket for cell mate­r­i­al on the anode side of a PEM elec­trolyz­er alone is expect­ed to reach SEK 65 bil­lion in 2030. In addi­tion, the acute short­age of nat­ur­al gas has fur­ther increased the lev­el of ambi­tion in Europe. For us, it is impor­tant to quick­ly reach the goal of becom­ing an estab­lished play­er in this market.”
> 
> Elli­nor Ehrn­berg, Pres­i­dent of Smoltek Hydrogen

\* [Elec­trolyz­er Mar­ket worth over $65 Bn by 2030](https://www.gminsights.com/pressrelease/electrolyzer-market?utm_source=PrNewswire.com&utm_medium=referral&utm_campaign=Paid_PrNewswire)

**Scop­ing for new inno­va­tion areas**  
Smoltek Inno­va­tion was formed as a sep­a­rate group com­pa­ny in August 2020, with the task of tak­ing new tech­nol­o­gy-dri­ven inno­va­tions from con­cept to prod­ucts for the mar­ket. Dur­ing the first six months, a hand­ful of promis­ing areas were iden­ti­fied, with one of them, high-per­for­mance cell mate­ri­als for elec­trolyz­ers, select­ed to be the first con­cept to devel­op further.

The ambi­tion to devel­op our tech­nol­o­gy into new busi­ness areas is still some­thing we look into, and next in line is con­cept devel­op­ment in areas such as med­ical tech­nol­o­gy, next-gen­er­a­tion bat­ter­ies and super­ca­pac­i­tors. These are areas where we con­sid­er our tech­nol­o­gy around nanofibers to be use­ful and pos­si­ble to explore. This is now car­ried out by the R&D‑department.

### Smoltek Hydrogen – electrolyzer cell material

Based on Smoltek’s patent-pro­tect­ed nanofiber tech­nol­o­gy, a new cell mate­r­i­al for PEM elec­trolyz­ers has been devel­oped. It has the poten­tial to great­ly increase the amount of hydro­gen pro­duced per unit area, lead­ing to up to three times small­er and thus cheap­er elec­trol­y­sers. Fur­ther­more, we reduce the amount of irid­i­um used when man­u­fac­tur­ing an elec­trolyz­er by at least 80%. This is a sig­nif­i­cant advan­tage because irid­i­um is a crit­i­cal cat­a­lyst mate­r­i­al that cur­rent­ly costs rough­ly SEK 2 mil­lion per kilogram.