Tokyo Gas and H2U to develop iridium-free PEM electrolysers
The two firms have signed a multi-year joint development agreement with the ambition to reduce proton-exchange-membrane electrolyser costs and protect against supply chain risk
Japan’s Tokyo Gas and California-based startup H2U Technologies have entered a multi-year joint development agreement aimed at developing iridium-free proton-exchange-membrane (PEM) electrolysers. PEM electrolysers are able to ramp up and down in response to fluctuating input, making them well-suited for direct connection to renewable assets. However, they are significantly more expensive than alkaline electrolysers, in part due to the use of platinum group metals (PGM)—iridium in particular—as catalysts. These rare metals present a potential bottleneck for green hydrogen, with consultancy Rystad estimating that PGM usage in electrolysers must fall by 70–80pc to prevent constraints on PEM el
Also in this section
14 January 2026
Continent’s governments must seize the green hydrogen opportunity by refining policies and ramping up the development of supply chains and infrastructure
6 January 2026
Shifts in government policy and rising power demand will shape the clean hydrogen sector as it attempts to gain momentum following a sluggish performance in 2025
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example






