Dhaka, July 17 -- A groundbreaking international study led by Australia's Monash University has identified a promising solution for producing green hydrogen at scale, addressing a major obstacle to global decarbonization efforts.

Researchers revealed on Thursday that they have made significant progress in tackling the challenge posed by the limited availability and high cost of iridium-a critical component in current advanced hydrogen production technologies.

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The study proposes that cobalt, a more abundant and less expensive metal, could serve as an effective alternative in electrolyzers used to produce green hydrogen.

"Cobalt is significantly cheaper than iridium, but making it...