Smoltek Nanotech Holding AB has received recognition for its groundbreaking technology aimed at revolutionizing the production of green hydrogen. An expert report by Dr. Felix N. Büchi, an esteemed specialist in Proton Exchange Membrane (PEM) technology, lauded Smoltek's Porous Transport Electrode (PTE) innovation for PEM electrolyzers. The report highlighted the remarkable performance of Smoltek's electrodes while significantly reducing the usage of the rare and costly precious metal iridium. Dr. Büchi emphasized that Smoltek's electrode technology shows promise in minimizing iridium usage, thus potentially leading to more cost-effective green hydrogen production. With traditional technology using up to 2.0 mg of iridium per cm² in PEM electrolyzers - translating to high costs - Smoltek has already achieved a reduction to 0.2 mg per cm², with plans to further lower it to 0.1 mg per cm². This advancement could substantially decrease the cost of a 100 MW electrolyzer to below 2 million euros, making it more economically viable. Ellinor Ehrnberg, the President of Smoltek Hydrogen AB, expressed confidence in the technology's ability to significantly cut iridium usage amidst escalating prices, positioning it as a vital component for efficient green hydrogen production. Smoltek, known for its innovative nanotechnology-based solutions, operates in the semiconductor and hydrogen sectors. The company boasts a robust patent portfolio of over 110 patents, emphasizing its commitment to addressing complex material engineering challenges across various industries. Smoltek's focus on disruptive technology and cost-effective solutions underscores its dedication to driving advancements in the green hydrogen sector.