According to the company, recent iridium price increases have meant that the cost of the anode catalyst for Proton Exchange Membrane (PEM) water electrolysis has increased significantly as a proportion of the technology cost. 

As a result, TFP Hydrogen has launched two high efficiency catalysts based on a combination of both iridium (Ir) and ruthenium (Ru) to remain cost effective.

The Ir/Ru range includes IrRuO₂ catalysts for PEM water electrolyzers, a method of generating green hydrogen. These anode catalysts have been formulated for use in the manufacture of Catalyst Coated Membranes (CCMs) and are dispersible into inks. The IrRuO₂ catalysts enable the customer's system to operate at a low voltage, improving long-term durability.