At a recent major energy conference in China, Nornickel presented its latest advancements in carbon-free energy solutions, leveraging palladium's unique properties. This presentation included innovations in hydrogen production and solar energy, underscoring Nornickel's commitment to sustainable energy development. Following the event, Nornickel was welcomed into the China Hydrogen Alliance, reflecting its growing influence and commitment to zero-emission technologies.
With the global push towards a zero-emission economy by 2050, Nornickel is addressing key challenges such as the high costs associated with modernizing infrastructure, ensuring stable energy supplies, and managing rising energy expenses. The company's efforts are concentrated on developing palladium-based technologies to enhance the efficiency of fossil-free energy sources, including hydrogen and solar power, chemical synthesis processes, and advancements in microelectronics.
The electrolyzer market, essential for hydrogen production, is poised for significant growth over the next decade. Nornickel's research in palladium-based solutions aims to offer cost reductions and efficiency improvements in hydrogen generation. The company is also pioneering new materials for solar power applications that could potentially increase generation efficiency and lead to a technological leap in the sector.
A key breakthrough highlighted by Nornickel is the potential replacement of iridium with palladium in proton exchange membrane (PEM) electrolyzers. This substitution could drastically reduce costs and enhance catalyst activity, potentially revolutionizing the hydrogen industry by making it more cost-effective and efficient.
Preliminary tests of palladium-based catalysts in Russia demonstrated a threefold increase in activity while maintaining high stability and comparable degradation rates to iridium oxide. An independent laboratory report expected in 2024 could propel Nornickel's innovative hydrogen generation solutions onto the global stage.
Independent precious metals research consultancy Metals Focus projects an increase in palladium consumption in hydrogen energy to 1.25 million troy ounces shortly. Nornickel aims to capture 25-40% of this market by providing efficient solutions across the hydrogen production chain.
