Smoltek reduces investment costs for green hydrogen production
Within the business area Hydrogen, Smoltek develops a high-performance cell material for electrolyzers, where an electrolyzer is the system that uses renewable electricity to split water into oxygen and hydrogen.
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