Smoltek Nanotech Holding AB has introduced a groundbreaking nanomaterial that addresses the challenge of iridium use in PEM electrolyzers, ensuring profitability in large-scale green hydrogen production. The company's subsidiary, Smoltek Hydrogen, is actively seeking financially strong partners to scale up manufacturing and reach a 30% market share by 2030, translating to approximately 20 billion SEK in net sales. Green hydrogen, produced from renewable sources, is recognized as a crucial technology for the global transition to sustainable energy, particularly in industries where fossil-free alternatives are limited. Smoltek's nanomaterial innovation has proven effective in reducing the use of iridium in electrolyzers, a key step towards commercial viability. To capitalize on its technological lead, Smoltek is engaging in a bidding process to secure partners for financing and further development. The company aims to establish a pilot plant for small-scale industrial production within the next year, collaborating with customers to produce prototypes and define specifications for future large-scale facilities. This strategic approach highlights Smoltek's commitment to innovation, sustainability, and market competitiveness. Ellinor Ehrnberg, President of Smoltek Hydrogen, expressed confidence in the company's unique solution and ambitious goals for market penetration. The company's vision includes becoming a preferred collaborator for electrolyzer manufacturers and achieving significant market share growth by 2030. With an emphasis on rapid development and partnership building, Smoltek is poised to drive advancements in green hydrogen production and contribute to the global shift towards sustainable energy solutions.