Johnson Matthey is to partner Enapter, a pioneer and commercial leader in electrolyser technology that aims to drive down the cost of green hydrogen to boost competition with fossil fuels.
The duo will jointly develop advanced components for Enapter's AEM stacks with JM investing €20 million in Enapter.
Johnson Matthey and Enapter will also investigate opportunities for the recycling of production scraps and components from end-of-life products, exploiting Johnson Matthey's competitive advantage in offering closed loop solutions.
Liam Condon, CEO of Johnson Matthey, said: "Our ambition is to become the global leader in green hydrogen technologies and to diversify our technology base in this booming market, both in the electrolyser and fuel cell markets.
“This strategic partnership is at the heart of our strategy as we focus our resources on growth areas targeted at climate change solutions.”