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

“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

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.

1. Elec­tro­lyz­er Mar­ket worth over $65 Bn  ↩