PGM's use in Green Hydrogen. Clip from article Platinum well...

PGM's use in Green Hydrogen. Clip from article Platinum well positioned in hydrogen economy’s sweet spots –
HYDROGEN PRODUCTION IS SECOND BIG CHANGE. Most hydrogen has been produced by stripping the hydrogen from fossil fuels in a process called steam reforming, which is not decarbonising. To make green hydrogen, electrolysis can be used. If that electrolysis is powered by a coal-fired power station, it is also not decarbonising. But when solar power, wind energy and renewables are used to generate hydrogen through electrolysis, green hydrogen is produced. “If we can sustainably use wind and solar to generate hydrogen from water, that’s really the sustainable route into the future, and that’s really the game-changer,” said Raymond. One route uses the fuel cell for the electrolysis, with platinum and iridium cathodes and with iridium also a platinum group metal (PGM).Until recently, the amount of iridium required was far more than yearly iridium but a new iridium catalyst made by German company Heraeus contains 50% to 90% less iridium than conventional products – plus up to three times higher catalyst performance, Heraeus said. The lower precious metal content of the Heraeus product reduces costs by up to 43%, rendering green hydrogen affordable. “What we do see in the generation of this green hydrogen is maybe another 100 000 oz to 200 000 oz in the next few years, certainly in the order of 500 000 oz by 2030, of platinum used to generate the electrolysis. “The Heraeus announcement is really a breakthrough because it means you can generate green hydrogen quite effectively. So, certainly short-term platinum demand from trucks and electrolysis and longer-term demand from passenger fuel cell vehicles,” said Raymond. STILL NOT REFLECTED IN THE PLATINUM PRICE
Link for more info here Platinum well positioned in hydrogen economy’s sweet spots – WPIC (miningweekly.com)