Swedish company Smoltek Nanotech Holding has developed a groundbreaking nanomaterial through its subsidiary, Smoltek Hydrogen, that addresses a key challenge in green hydrogen production. By significantly reducing the reliance on iridium catalysts in PEM electrolyzers, the company claims to make large-scale hydrogen production economically feasible, especially with intermittent energy sources like solar and wind power. Smoltek is now seeking partnerships for further development and commercialization to achieve its goal of 0.1 mg of iridium per square centimeter, a level crucial for profitability. Ellinor Ehrnberg, President of Smoltek Hydrogen, emphasized the company's unique offering and ambitious target of capturing a significant market share by 2030, estimating a turnover of approximately 20 billion SEK. Plans include setting up a pilot plant for industrial production within the year to collaborate with customers and machine suppliers on creating prototypes and specifications for large-scale manufacturing. Smoltek's strategic approach involves potentially operating as an independent entity to capitalize on the industry's rapid growth. The article highlights the urgency in initiating production due to time constraints, despite not necessitating a large factory plant. The company's innovative nanomaterial positions it as a sought-after partner, with ongoing discussions and tests with industry leaders. Smoltek's technology represents a significant advancement in the hydrogen sector, promising a more sustainable and profitable future.