Smoltek Hydrogen, a subsidiary of Smoltek Nanotech Holding AB, has entered a strategic collaboration with Heraeus Precious Metals to enhance the functional efficiency of porous transport electrodes in proton exchange membrane (PEM) electrolyzers. The collaboration aims to advance the next generation of PEM electrolyzer technology by combining Smoltek's nanostructure technology with Heraeus' expertise in advanced catalyst formulations. By focusing on developing ultra-low iridium solutions, the partners aim to accelerate green hydrogen production at lower costs and with reduced resource usage. Smoltek has already achieved 0.1 mg/cm² iridium loading in PEM electrolyzers, and the partnership is expected to further decrease iridium content. This collaboration signifies the importance of reducing iridium dependency in the hydrogen industry amid the rising global demand for PEM electrolyzers. The partnership between Smoltek Hydrogen and Heraeus Precious Metals emphasizes the strong synergies between innovative solutions based on carbon nanotechnology and global industrial expertise. While the collaboration does not generate immediate revenue and is non-binding, it provides Smoltek Hydrogen with improved access to the market and customer base of its partners.