ITM Power Achieves Breakthrough in Iridium Reduction for PEM Electrolyzers
Key Ideas
- ITM Power has successfully achieved a 40% reduction in iridium loading for its electrolyzer stacks while maintaining performance and durability.
- The company's new CHRONOS next-generation stack platform is progressing as planned, incorporating technology improvements from their development roadmap.
- The reduction in iridium loading will significantly lower stack costs and consumption of critical raw materials, showcasing ITM's commitment to sustainability.
- ITM Power's in-house core science and manufacturing processes contribute to maximizing value-add, ensuring supply security, and driving rapid improvement cycles.
ITM Power has reached a major technical milestone by achieving a 40% reduction in iridium loading for its electrolyzer stacks without compromising performance and longevity. This accomplishment adds to the company's successful track record of reducing precious metal loading by over 80% in recent years, meeting the EU's 2030 target in 2019. The development of the CHRONOS next-generation stack platform is on track, with plans to incorporate various technology advancements. These advancements will also be integrated into the current TRIDENT stack platform, starting with the significant reduction in iridium loading. ITM Power's internal control of core science and manufacturing processes allows for added value and rapid validation cycles, positioning the company as a leader in stack technology. Dennis Schulz, the CEO, highlighted the successful 40% reduction in iridium loading, emphasizing the cost benefits and sustainability impact. The reduced iridium loading will help lower stack costs and decrease the consumption of critical raw materials, aligning with ITM Power's commitment to sustainable practices.